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Revision as of 08:58, 4 November 2026
racgroup.de Despite the tax rate reductions among the Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal income tax bracket for many retirees is really a whopping fouthy-six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who purchase the good fortune (misfortune?) end up being subject to both the 25% tax bracket along with the 85% inclusion rate for Social Security benefits.
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