3 ms·
That’s what really blows my mind. Why aren’t all thresholds automatically indexed to inflation by default. Especially in tax matters!
by nwellinghoff 2y ago
That’s what really blows my mind. Why aren’t all thresholds automatically indexed to inflation by default. Especially in tax matters!
- xyzzy123 2y agoIt means that every few years politicians can roll out "tax cuts" which are actually just bracket adjustments.
- Arnt 2y agoBecause inflation ≠ inflation and what do you want to index it to? Seriously: If it's related to investment, what makes the price of tomatoes more appropriate than the Dow Jones index as a basis for the threshold? One good answer there is to trust your future self to choose better than some simple mechanism would do. So that's what legislatures often do.