Quote:
Originally Posted by GGG
Yeah so if taxes go up 3% in a 4.5% inflation environment that is a 1.5% tax cut.
Edit - or are you saying that last year we were deflationary therefore this years higher increase puts us back to say a 5 year average?
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I'm not sure your math works here.
My wage and I'm sure the majority others isn't inflation adjusted every year. If I pay 3 percent extra tax. And inflation is causing the cost of all goods and services I rely on to go up 4.5 percent, I'm out money on both ends.
I have zero issue with this tax hike by the way. Seems reasonable. Just your justification stood out too me as weird unless there's something I'm missing.