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Revision as of 09:00, 13 May 2026

Despite brand new tax rate reductions belonging to the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is really a whopping forty-six.3%. Why? Because Social Security benefits are subject to income tax bill. Those affected are Social Security recipients who include the good fortune (misfortune?) turn out to be subject to both the 25% taxes bracket and also the 85% inclusion rate for Social Security benefits.

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