Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 19:45, 5 March 2025

Despite the new tax rate reductions of your Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal income tax bracket for many retirees is really a whopping forty six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who have the good fortune (misfortune?) always be subject to both the 25% taxes bracket along with the 85% inclusion rate for Social Security benefits.

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