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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (475562)10/13/2003 6:23:16 PM
From: Peter O'Brien  Respond to of 769667
 
I suggest you figure out what your income taxes
would be today using the 1979 IRS Schedules.

Oh, and don't bother adjusting your income today
for the inflation that has occurred since 1979.

Just plug in today's income directly into the
1979 tax schedule. Jimmy Carter didn't allow
any adjustments for inflation. The indexing
of tax brackets for inflation didn't occur
until Reagan.