Why Consumption Be The Tax Preparer: Difference between revisions
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Revision as of 04:59, 7 January 2025
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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 46.3%. Why? Because Social Security benefits are subject to income financial. Those affected are Social Security recipients who hold the good fortune (misfortune?) always be subject to both the 25% income tax bracket as well as the 85% inclusion rate for Social Security benefits.
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I feel this is just important: when politicians corrupt the people, they get rid of their authority. It is already hard enough for a real population to get rid of corrupt political figures. It is usually very hard for a corrupt population to manage this step.