“A dollar amount that is not adjusted for inflation is meaningless.”
Tell that to the IRS when they come for your long held asset sales buck$.
They LOVE to tax inflation.
Yes. I hate the IRS. Forcing me to do RMD's, taking large amounts from retirement investments, boosting me into a higher tax bracket so they can steal more taxes from me. Meanwhile, the money won't buy what it used to buy because of inflation. Then the government wastes the money and keeps demanding more taxes.
Yup.
It slides the percentage you pay into higher and higher brackets