Are all the dollar amounts in the simulated tax output at the top of the page inflation adjusted?
For example, I inputted married, with no dependents with $500,000 salary and in 1977, the federal amount was $299,864 and in 2020 was $133,947. I assume these amounts can be compared without further adjusting for inflation?
Tangentially, did federal taxes really come down that much?
For example, I inputted married, with no dependents with $500,000 salary and in 1977, the federal amount was $299,864 and in 2020 was $133,947. I assume these amounts can be compared without further adjusting for inflation?
Tangentially, did federal taxes really come down that much?