Tag: tax cuts
Both the House and Senate tax cut proposals change the measure of inflation used to adjust the income thresholds in the tax schedule. This shift to a “chained” consumer price index (CPI), which makes sense on the tax side, has also been proposed in the past for indexing Social Security benefits after retirement, where t…
Future retirees will pay with lower Social Security and Medicare benefits. Until recently, I have been totally focused on how Congressional tax proposals might affect retirement saving. I have been particularly concerned that forcing everyone to save through a Roth rather than a traditional 401(k) plan would seriously disrupt savings patterns and cause many workers…
