xnxx Despite the new tax rate reductions belonging to the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is often a whopping fouthy-six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who check out good fortune (misfortune?) to be subject to both the 25% taxes bracket and also the 85% inclusion rate for Social Security benefits. ...