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Version vom 5. September 2026, 03:12 Uhr

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

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