alt Hacker NewsTax brackets are also inflation-adjusted, so shouldn't that cancel out?
Replies
nothercastle • today at 4:54 PM
No it pushes you into a higher tax bracket earlier so also acts as a tax increase
➕ show 1 reply
Tax brackets are also inflation-adjusted, so shouldn't that cancel out?
No it pushes you into a higher tax bracket earlier so also acts as a tax increase
Most of the relevant numbers in the American tax code are inflation adjusted, but not all of them. The biggest ones for people on this website are probably the value of the Child Tax Credit and the thresholds at which the Net Investment Income Tax/Additional Medicare Tax kick in.