Top Tax Scams For 2007 Down To Irs: Difference between revisions

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Latest revision as of 10:56, 2 August 2025


Despite fresh tax rate reductions for this 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 tax bill. Those affected are Social Security recipients who have enough good fortune (misfortune?) turn out to be subject to both the 25% taxes bracket and also the 85% inclusion rate for Social Security benefits.

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