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It gets worse: taxes like the USA's AMT (designed originally to affect only 155 high income households) are not always inflation-adjusted, or the inflation mea
by patrickgzill 17y ago
It gets worse: taxes like the USA's AMT (designed originally to affect only 155 high income households) are not always inflation-adjusted, or the inflation measures are inaccurate or corrupted for political purposes.
Thus incomes taxes other than a flat rate income tax, have a "ratchet" effect over time, snaring more and more people with higher tax rates when in real terms they are not earning any more.
BTW I know a few people who are heavily into gold and silver, they are in a way, boycotting the central bank of the country they live in.