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Revision as of 16:32, 26 July 2026

Despite the actual tax rate reductions belonging to the 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?) always be subject to both the 25% income tax bracket and also the 85% inclusion rate for Social Security benefits.

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