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considerably stronger relative to the impact on GDP since the mid-1980s, while the effects on inflation have become weaker …
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Inflation and earnings growth can push some tax payers into higher brackets in the absence of inflation …-indexed schedules. Moreover, inflation may affect the composition of individuals’ income sources. As a result, depending on the relative … tax burden of labour and capital, inflation may decrease or increase the difference between before-tax and after …
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