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From: csc@watmath.UUCP (Computer Sci Club)
Newsgroups: can.politics
Subject: Re: Indexing
Message-ID: <15521@watmath.UUCP>
Date: Mon, 1-Jul-85 16:27:46 EDT
Article-I.D.: watmath.15521
Posted: Mon Jul  1 16:27:46 1985
Date-Received: Tue, 2-Jul-85 04:53:27 EDT
References: <679@lsuc.UUCP>
Reply-To: csc@watmath.UUCP (Computer Sci Club)
Distribution: can
Organization: U of Waterloo, Ontario
Lines: 13

>And in particular, so that people would not complain about the loss of
>3 percentage points of INCOME TAX bracket indexing.  As long as we
>continue to have inflation at 3% or over, which is probably for a long

Think about it for a minute.  What they are saying is that income tax 
will only be indexed for the amount of inflation over 3%.  That means
as long as inflation remains above 3% that you are **guaranteed** to
to move into a 3% higher tax bracket **every** year!

>Mark Brader

	-bob atkinson	
	watmath!csc