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Version vom 18. Oktober 2026, 16:04 Uhr
Despite brand new tax rate reductions for this 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 tax. Those affected are Social Security recipients who hold the good fortune (misfortune?) pertaining to being subject to both the 25% tax bracket as well as the 85% inclusion rate for Social Security benefits. Marginal tax rate is the rate of tax you pay on your last (or highest) involving income.
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