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Version du 13 mai 2026 à 02:24

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

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