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Revision as of 03:12, 30 August 2026


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

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