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Version vom 21. September 2024, 20:52 Uhr
Despite fresh tax rate reductions of your Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is really a whopping forty-six.3%. Why? Because Social Security benefits are subject to income in taxes. Those affected are Social Security recipients who have the good fortune (misfortune?) turn out to be subject to both the 25% taxes bracket and also the 85% inclusion rate for Social Security benefits.
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