How Opt Your Canadian Tax Computer Program: Difference between revisions

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Revision as of 20:10, 20 September 2024

Despite the tax rate reductions among the Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal income tax bracket for many retirees is 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?) to be subject to both the 25% tax bracket and also the 85% inclusion rate for Social Security benefits.

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