The Phaserl


IRS sets ‘inflation’ rate at 1.6%…

from Sovereign Man:

Hot off the presses, the IRS just issued a notice of its annual inflation adjustments for the 2014 tax year.

According to the release, the inflation adjustment is 1.6%.

So now, for example, couples earning more than $457,600 will fall in the 39.6% marginal tax bracket, as opposed to $450,000 last year.

A single individual earning under $9,075 will fall in the 10% bracket, as opposed to $8,925 last year.

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