Erik The Decentralist on Nostr: The IRS just released the 2024 tax brackets. The adjustment from 2023 is an ...
The IRS just released the 2024 tax brackets.
The adjustment from 2023 is an "inflation adjustment"
The purpose of this is "that you will not have to pay additional taxes on more money earned unless your pay increase is greater than the inflation rate".
This assumes the official rate of inflation is accurate, and it is not.
So basically you'll still get stuck paying more taxes on higher incomes while paying for an even higher cost of living....
This is how they manipulate.
The adjustment from 2023 is an "inflation adjustment"
The purpose of this is "that you will not have to pay additional taxes on more money earned unless your pay increase is greater than the inflation rate".
This assumes the official rate of inflation is accurate, and it is not.
So basically you'll still get stuck paying more taxes on higher incomes while paying for an even higher cost of living....
This is how they manipulate.