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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tradelite who wrote (144617)1/18/2002 12:50:04 PM
From: Les H  Read Replies (2) of 436258
 
You need only look at the income tax tables, the social security, and the federal pay raises to see that political motivation is at the core of the CPI. The indexation of income tax brackets use the CPI. The indexation of social security payouts use the CPI. The indexation of social security tax ceilings rise by 5-7 percent per year. The indexation of federal pay scales is about 4-5 percent. In every case, they try to maximize tax receipts and minimize payouts to beneficiaries, while not holding themselves to the same standard.
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