Are the progressive income tax rates indexed for inflation?
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Author Topic: Are the progressive income tax rates indexed for inflation?  (Read 586 times)
A18
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« on: March 12, 2005, 02:48:53 PM »
Because if not, they desperately need to be.
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opebo
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« Reply #1 on: March 12, 2005, 02:54:01 PM »
Quote from: A18 on March 12, 2005, 02:48:53 PM
Because if not, they desperately need to be.

I believe they are, but were not in the 1970's, which led to real tax increases though the absolute numbers hadn't been changed.
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Erc
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« Reply #2 on: March 12, 2005, 02:55:02 PM »
They are, but a lot of the other little taxes and deductions aren't.
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A18
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« Reply #3 on: March 12, 2005, 03:17:20 PM »
What bill enacted inflation-adjusted rates? Was this one of the Reagan reforms?
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Richard
Richius
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« Reply #4 on: March 12, 2005, 03:42:41 PM »
The AMT is NOT indexed for inflation though.
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A18
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« Reply #5 on: March 12, 2005, 04:11:00 PM »
Quote from: Richius on March 12, 2005, 03:42:41 PM
The AMT is NOT indexed for inflation though.

Well, if Bush is serious about tax reform, we all know the AMT is going to have to go.
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jfern
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« Reply #6 on: March 12, 2005, 04:50:24 PM »
Quote from: A18 on March 12, 2005, 04:11:00 PM
Quote from: Richius on March 12, 2005, 03:42:41 PM
The AMT is NOT indexed for inflation though.

Well, if Bush is serious about tax reform, we all know the AMT is going to have to go.

I doubt it'll go, because it impacts blue states more than red states.
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A18
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« Reply #7 on: March 12, 2005, 05:28:06 PM »
Quote from: jfern on March 12, 2005, 04:50:24 PM
Quote from: A18 on March 12, 2005, 04:11:00 PM
Quote from: Richius on March 12, 2005, 03:42:41 PM
The AMT is NOT indexed for inflation though.

Well, if Bush is serious about tax reform, we all know the AMT is going to have to go.

I doubt it'll go, because it impacts blue states more than red states.

That should just mean more bipartisan support in the Senate.
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TeePee4Prez
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« Reply #8 on: March 12, 2005, 06:04:08 PM »
Quote from: jfern on March 12, 2005, 04:50:24 PM
Quote from: A18 on March 12, 2005, 04:11:00 PM
Quote from: Richius on March 12, 2005, 03:42:41 PM
The AMT is NOT indexed for inflation though.

Well, if Bush is serious about tax reform, we all know the AMT is going to have to go.

I doubt it'll go, because it impacts blue states more than red states.

Actually the AMT needs to be better indexed for inflation.  I'll partially agree with the GOP on that.
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