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This drop wasn't caused by inflation..it was post-tax decrease, but not a pre-tax decrease. That is, its exacly because of a change in tax policy. Inflation di
by SubiculumCode 3y ago
This drop wasn't caused by inflation..it was post-tax decrease, but not a pre-tax decrease. That is, its exacly because of a change in tax policy.
Inflation didn't even appear in the article, unless I'm blind.
- RhodesianHunter 3y agoIt's literally the first sentence. "Real median household income" - the real means that it's inflation adjusted. "After tax" just tells us specifically what's being measured.
- Retric 3y agoAfter tax is used because inflation adjusted before tax median income only dropped by 2.3%. Inflation may have represented at most 1/4th of the drop ignoring all other causes, but 3/4 comes from changes in tax policy.