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Revision as of 11:28, 6 September 2026
Despite brand bokep new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal income tax bracket for many retirees can be a whopping fouthy-six.3%. Why? Because Social Security benefits are subject to income tax bill. Those affected are Social Security recipients who hold the good fortune (misfortune?) end up being subject to both the 25% taxes bracket and the 85% inclusion rate for Social Security benefits.
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