With record low wages growth and low inflation, the bracket-creep tax cut is combating wage rises that aren’t even happening
The latest wages growth figures released on Wednesday saw a record low annual growth of just 2%. It marks three years of negligible growth in real wages, and renders the need for a tax cut for those earning over $80,000 to protect against bracket creep an idea rather out of step with reality.
Oh for the days of the wages breakout.
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