Money Magazine has a short article on taxes that used to exclusively hit the wealthy, but, because of their not being adjusted for inflation, now hit lower income earners.
- Social Security benefits get taxed if you have more than $25,000 in income, the same as 1984
- The Alternative Minimum Tax (AMT) that now affects over 4 million taxpayers, up from less than 20,000 in 1970
- The capital-loss carry-forward amount hasn't been adjusted for inflation since 1978, and still stands at $3,000
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