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Revision as of 23:14, 11 August 2026

Despite brand new tax rate reductions for this Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income income tax. Those affected are Social Security recipients who have enough good fortune (misfortune?) pertaining to being subject to both the 25% tax bracket along with the 85% inclusion rate for Social Security benefits.

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