Adding the Bill

As anyone who has sat down with Form 1040 and a pocket calculator knows, figuring the tax due on a given income even under present rules is no easy task. Gauging the effect of hypothetical tax changes such as those proposed by Walter Mondale is still more difficult. His program:

1) Less generous indexing. Under full indexing, which goes into effect next year, the amount of income subject to a particular rate of tax is adjusted upward each year by a percentage equal to the inflation rate. Mondale, however, would index the incomes of families earning more than $25,000 a year only...

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