Tag: tax cut
But inflation adjusting is only one of several possible changes. The current tax cut proposal to adjust capital gains for inflation sent me scurrying back to stuff I wrote in the 1970s when all sorts of proposals were being considered to deal with high inflation. What was true then, and remains true today, is that…
According to the New York Times, neither party has any interest in extending the cut in the payroll tax used to fund Social Security when it expires at the end of December. If true, that is wonderful news. Messing around with Social Security’s finances was always a bad idea. And while no one wants t…