Just like the federal income tax was only targeted at the top 5% of the population when implemented.
Inflation is cumulative.
Just like the federal income tax was only targeted at the top 5% of the population when implemented.
Inflation is cumulative.
Are you saying inflation is going to cause me to acquire a second home in NYC somehow? I don't think you actually understand what you're arguing about, here.
So the numbers will need adjusted for inflation. Eventually. Like any other tax. If you're making an argument it is entirely unclear what your position is.