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The High Marginal Cost of the Social Security Benefits Tax
National Center for Policy Analysis [NCPA] Link to more items from this source
Mar. 3, 2014
"[W]hen retirees earn $1.00, they must pay taxes on $1.50. As a result, the marginal tax rate on their income is 50 percent higher than for young people with the same income.... [B]ecause there is a limit on the proportion of benefits that are taxed, the marginal tax rate peaks for middle-income seniors and then declines for more wealthy seniors. Simply put, the Social Security benefits tax really sticks it to the middle class."

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