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Latest revision as of 05:12, 3 November 2026
Despite fresh tax rate reductions kontol belonging to the Jobs and Growth Tax Relief Reconciliation Act of 2003, helpful ideas marginal tax bracket for many retirees is a whopping fouthy-six.3%. Why? Because Social Security benefits are subject to income financial. Those affected are Social Security recipients who hold the good fortune (misfortune?) pertaining to being subject to both the 25% tax bracket and the 85% inclusion rate for Social Security benefits.
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