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One of the most important things Reagan did was index income tax brackets to inflation.

The article later mentions that the income threshold for taxation of Social Security benefits has been $44,000 for married couples since 1994, and that it would be $77,000 today if adjusted for inflation. Taxing SS benefits of the elderly depending on income imposes a high marginal tax rate on older workers.

The Democrats are promising higher SS benefits across the board. I think raising and indexing the threshold for SS benefit taxation would encourage the able-bodied elderly to work and make more sense.

1 posted on 12/27/2019 6:44:16 AM PST by karpov
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To: karpov

The problem is slimebag businesses who would rather hire foreigners.


2 posted on 12/27/2019 6:49:01 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: karpov

Plus they’ve rigged the official inflation numbers.


4 posted on 12/27/2019 7:09:39 AM PST by P.O.E. (Pray for America)
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