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Dernière version du 29 juillet 2026 à 05:40
Despite the new tax rate reductions belonging to the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal income tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income income tax. Those affected are Social Security recipients who have enough good fortune (misfortune?) end up being subject to both the 25% tax bracket as well as the 85% inclusion rate for Social Security benefits.
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