Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 18:16, 7 October 2026
Despite the tax rate reductions from the Jobs and Growth Tax Relief Reconciliation Act of 2003, leading marginal income tax bracket for many retirees is a whopping fouthy-six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who hold the good fortune (misfortune?) to be subject to both the 25% income tax bracket as well as the 85% inclusion rate for Social Security benefits. What difficulties as your 'income' tax has assortment of tax brackets each having its own tax rate from 10% to 35% (2009).
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