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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ahda who wrote (161199)4/21/2002 10:36:57 AM
From: Les H  Read Replies (1) of 436258
 
They've watered down indexation of brackets for inflation so much that the tax rates keep going up for most.

taxplanet.com

That along with the increases in Social Security tax rates since the early 80s accounts for the lower personal savings. They index the wage ceiling for SS taxes to increase at about twice the rate of inflation.

I understand that the savings rate is expressed as a percent of disposable income. I think most ordinary people view their savings as a percentage of their total income.
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