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Are you under the impression that being nudged into the next higher tax
bracket means that you now have less money? Bill McKee wrote: ... yes bracket creep will leave you with less spendable money. Welcome to the Nitwits Who Can't Do Math Club for wanna-be economists. .. Example (ignore real tax rates). Yes, you'd do far better to ignore reality when you're doing pretend math. In the real world the brackets are far enough apart that you are *much* better off in the higher income bracket. As for the rest of the "economics" bull**** you and the other angry dumb white men are espousing, inflation and wages are linked but seperate. That is why economists often talk of trends where incomes rise faster than inflation, for example this was the case thru most of the 1990s. Then there are times when income stagnates for the majority and inflation keeps going, like the period we seem to be in now. I guess it makes you feel better to try and prove that "it *has* to be this way" so you don't have to blame your Noble Leader for screwing everything up. DSK |
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