The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 04:52, 7 January 2025
Despite brand new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, helpful ideas marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income tax bill. Those affected are Social Security recipients who have the good fortune (misfortune?) to get subject to both the 25% income tax bracket as well as the 85% inclusion rate for Social Security benefits.
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