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Version du 5 août 2026 à 06:23
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 can be a whopping forty-six.3%. Why? Because Social Security benefits are subject to income income tax. Those affected are Social Security recipients who have the good fortune (misfortune?) turn out to be subject to both the 25% taxes bracket as well as the 85% inclusion rate for Social Security benefits.
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