Difference between revisions of "Dealing With Tax Problems: Easy As Pie"
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Revision as of 03:47, 12 November 2024
Despite the tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, helpful ideas marginal income tax bracket for many retirees can be a whopping fouthy-six.3%. Why? Because Social Security benefits are subject to income tax bill. Those affected are Social Security recipients who have enough good fortune (misfortune?) end up being subject to both the 25% tax bracket and also the 85% inclusion rate for Social Security benefits.
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