Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site watmath.UUCP Path: utzoo!watmath!csc 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