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• 05:44, 11 November 2024 NestorSteed09 talk contribs created page Don t Understate Income On Tax Returns (Created page with "Despite the tax rate reductions for this Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping forty-six.3%. Why? Because Social Security benefits are subject to income in taxes. Those affected are Social Security recipients who purchase the good fortune (misfortune?) turn out to be subject to both the 25% income tax bracket and the 85% inclusion rate for Social Security benefits.<br><br>Contributing a deducti...")