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Revision as of 02:16, 5 August 2026

Despite fresh tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal tax bracket for many retirees can be a whopping forty-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?) 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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