"Bracket creep". The middle class is afraid of taxes that are "for the rich" bei... | Hacker News

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AnimalMuppet 8 months ago | parent | context | favorite | on: Priced out of home ownership

"Bracket creep".

The middle class is afraid of taxes that are "for the rich" being extended to tax them. And not without some reason - income tax was sold as "only for the rich".

ethbr1 8 months ago [–]

The easiest way for the rich to decrease taxes has been to extend them to the middle class and then push for tax cuts.

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