Wait, so the SS torpedo is taxed at a 185% marginal rate? That cray cray
Somewhat of a semantics issue. The tax brackets in this case are 25% federal and 6% state. Each extra dollar of ordinary income is taxed at those rates. The extra ordinary income, however, causes more of the SS income (in this range, $0.85 of SS for every extra $1 of ordinary) to become taxable, and that $0.85 is also taxed at 25% and 6%.