taxconnections.com
Some Tax Figures Should Not Be Adjusted For Inflation | TaxConnections Some Tax Figures Should Not Be Adjusted For Inflation
Inflation adjustments to tax rules such as the individual tax brackets and standard deduction make sense to avoid "bracket creep" where inflation might put an employee into a higher bracket despite no increased earning power and ensures an appropriate amount of income is removed from taxation (the role played by the standard deduction and personal Some Tax Figures Should Not Be Adjusted For Inflation