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Revision as of 09:49, 12 May 2026

Despite brand new tax rate reductions for this Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees can be a whopping forty-six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who include the good fortune (misfortune?) turn out to be subject to both the 25% tax bracket and also the 85% inclusion rate for Social Security benefits.

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The great part will be the county is becoming their tax money to offer us with roads, fire and police departments, and so forth .. Whether they use domestic or foreign investor dollars, all of us win!

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