Difference between revisions of "Tax Rates Reflect Daily Life"

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Revision as of 03:59, 13 May 2026


Despite the tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is really a whopping 46.3%. Why? Because Social Security benefits are subject to income in taxes. Those affected are Social Security recipients who have the good fortune (misfortune?) turn out to be subject to both the 25% tax bracket and also the 85% inclusion rate for Social Security benefits.

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