10 Reasons Why Hiring Tax Service Is Necessary: Difference between revisions
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Revision as of 22:58, 30 October 2024
Despite the actual tax rate reductions among the Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal tax bracket for many retirees can be a whopping forty six.3%. Why? Because Social Security benefits are subject to income in taxes. Those affected are Social Security recipients who have the good fortune (misfortune?) end up being subject to both the 25% income tax bracket along with the 85% inclusion rate for Social Security benefits.
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