Since 1985,tax brackets have changed annually to reflect the increases in the cost of living,otherwise known as?

Question

Quizplus · Accepted Answer

Tax brackets are adjusted annually to reflect the changes in the cost of living, which is also known as inflation. This adjustment ensures that taxpayers are not pushed into higher tax brackets due to the increase in prices. Capital gains, marginal brackets, and tax-deferred are not directly related to the adjustment of tax brackets for inflation.

Since 1985,tax Brackets Have Changed Annually to Reflect the Increases