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Revision as of 12:49, 16 August 2026

Despite fresh tax rate reductions from the Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior 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 include the good fortune (misfortune?) pertaining to being subject to both the 25% tax bracket as well as the 85% inclusion rate for Social Security benefits.

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During idea Depression and World War II, the top income tax rate rose again, reaching 91% during the war; this top rate remained in place until 1964.

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