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

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