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In Reply to: Are you ready for some scary news? Your taxes are about to go up. posted by tinear on October 31, 2020 at 11:00:23:
Do some homework, Tin. The Trump tax cuts expire in 2025 due to the reconciliation process and only the corporate tax cuts are permanent.
There are no 'automatic, stepped tax increases'. However, the tax brackets do increase based on inflation. Income could increase more than the inflation index causing higher taxes, but that's not a 'automatic, stepped tax increase'.
And of course, the Congress can fix it, so why worry?
-Rod
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Follow Ups
- It's a New York Times opinion piece.... - Rod M 10/31/2012:59:04 10/31/20 (10)
- The reality is - E-Stat 09:47:35 11/2/20 (0)
- An Opinion piece citing facts. As far as your parsing, you do know that - tinear 08:53:32 11/1/20 (8)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - Inmate51 10:38:11 11/1/20 (0)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - Inmate51 10:27:16 11/1/20 (6)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - rivervalley817 12:21:49 11/1/20 (5)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - Inmate51 08:04:10 11/2/20 (1)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - rivervalley817 11:36:03 11/2/20 (0)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - immatthewj 21:39:13 11/1/20 (2)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - rivervalley817 22:01:59 11/1/20 (1)
- RE: An Opinion piece citing facts. As far as your parsing, you do know that - immatthewj 22:18:06 11/1/20 (0)