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The concern is about freezing thresholds: if pay and prices rise while bands stay fixed, more low and middle earners move into higher rates even though their real spending power has not improved. That effect is what economists mean by “fiscal drag”.
The concern is about freezing thresholds: if pay and prices rise while bands stay fixed, more low and middle earners move into higher rates even though their real spending power has not improved. That effect is what economists mean by “fiscal drag”.
You’re right about marginal bands – only income above each threshold is taxed at the higher rate, and that often gets misunderstood.
You’re right about marginal bands – only income above each threshold is taxed at the higher rate, and that often gets misunderstood.
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Power should serve everyone, not just the privileged few: greenpartyni.org/join.
Power should serve everyone, not just the privileged few: greenpartyni.org/join.