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Revision as of 10:25, 18 October 2026

Despite the actual tax rate reductions among the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal income tax bracket for many retirees can be a whopping 46.3%. Why? Because Social Security benefits are subject to income in taxes. Those affected are Social Security recipients who have the good fortune (misfortune?) end up being subject to both the 25% income tax bracket and also the 85% inclusion rate for Social Security benefits. bbsrecruitment.uk Banks and lender become heavy with foreclosed properties as soon as the housing market crashes.

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