Difference between revisions of "A Good Reputation Taxes - Part 1"
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Revision as of 04:19, 23 January 2025
Despite the new tax rate reductions of your Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal income tax bracket for many retirees is often a whopping forty-six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who check out good fortune (misfortune?) to be subject to both the 25% income tax bracket and also the 85% inclusion rate for Social Security benefits.
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