Crime Pays, But You Have To Pay Taxes Onto It!

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 really a whopping 46.3%. Why? Because Social Security benefits are subject to income income tax. 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.There are two terms in tax law that you need become readily in tune with - xnxx and tax avoidance. Tax evasion is a bad thing. It…