Your AGI is more important for a lot of reasons than your inevitably lower taxable income.
I don't know the actual percentage, but I would imagine Social Security benefits are 85% taxable (couples with an AGI over $44k) for most people with investment income.
Thank you Ronald Reagan who made Social Security benefits taxable to help pay for lower income tax rates for billionaires.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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