The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 08:42, 23 January 2025
Despite fresh tax rate reductions of your Jobs and Growth Tax Relief Reconciliation Act of 2003, leading marginal income tax bracket for many retirees can be a whopping forty six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who have enough good fortune (misfortune?) pertaining to being subject to both the 25% taxes bracket and the 85% inclusion rate for Social Security benefits.
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