Getting Rid Of Tax Debts In Bankruptcy: Difference between revisions

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Revision as of 19:57, 5 March 2025

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

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