jIMOh
Thinks s/he gets paid by the post
Do taxes increase over time (are they inflationary) or do they stay fixed?
Here's a thought... I calculate expenses for retirement and project ways to cover them.
For example, I know groceries and commodity type needs will increase in cost over time. Utility costs would also increase over time.
Tax brackets increase each year (so the threshold for 10% and 15% brackets, for example, increase each year). So would taxes paid actually be "more fixed" than other expenses?
It was a thought, not sure how reasonable, but worth for planning/ discussion purposes.
Here's a thought... I calculate expenses for retirement and project ways to cover them.
For example, I know groceries and commodity type needs will increase in cost over time. Utility costs would also increase over time.
Tax brackets increase each year (so the threshold for 10% and 15% brackets, for example, increase each year). So would taxes paid actually be "more fixed" than other expenses?
It was a thought, not sure how reasonable, but worth for planning/ discussion purposes.