How Social Security Benefits Taxation and IRMAA Raise Marginal Tax Rates in Retirement
By Greg Geisler, PhD, CPA, Clinical Professor of Accounting at Indiana University-Bloomington The Social Security Tax Torpedo is a problem for moderate-income retirees. “Tax Torpedo” is a cute word for a very high marginal tax rate. If you have additional income above a certain level, that increases the amount of Social Security benefits subject to […]
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