Getting Gone Tax Debts In Bankruptcy: Difference between revisions

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Revision as of 01:53, 5 October 2024

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

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