How Does Tax Relief Work: Difference between revisions
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Revision as of 21:36, 12 October 2025
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Despite the actual tax rate reductions for this Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal tax bracket for many retirees is really a whopping forty-six.3%. Why? Because Social Security benefits are subject to income income tax. Those affected are Social Security recipients who check out good fortune (misfortune?) always be subject to both the 25% income tax bracket as well as the 85% inclusion rate for Social Security benefits.
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