Tax Rates Reflect Well-Being: Difference between revisions
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Revision as of 03:42, 19 October 2026
Despite the actual tax rate reductions memek of the Jobs and memek Growth Tax Relief Reconciliation Act of 2003, the top marginal income tax bracket for many retirees can be a whopping forty-six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who have the good fortune (misfortune?) always be subject to both the 25% taxes bracket along with the 85% inclusion rate for Social Security benefits.
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