So, a common saving account, a CD, after taxes, most likely doesn’t earn any real income at all, and my well over time lose value?
What do you think the governments would feel about income adjusted for inflation? I suppose they wouldn’t like that.
A CD over the last 43 years would have easily kept up with inflation.
What do you think the governments would feel about income adjusted for inflation?
Reagan felt strongly enough that our tax brackets are now adjusted for inflation.