Crime Pays But May To Pay Taxes For It

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

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