Using the Chained CPI to Index Social Security, Other Federal Programs, and theTax Code for Inflation
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منابع مشابه
Social Security cost-of-living adjustments and the Consumer Price Index.
OASDI benefits are indexed for inflation to protect beneficiaries from the loss of purchasing power implied by inflation. In the absence of such indexing, the purchasing power of Social Security benefits would be eroded as rising prices raise the cost of living. By statute, cost-of-living adjustments (COLAs) for Social Security benefits are calculated using the Bureau of Labor Statistics (BLS) ...
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T he consumer price index (CPI) measures the prices urban consumers pay for a representative basket of goods and services. The CPI is one of the most important measures of inflation. The prices of many products and services are directly linked to changes in the CPI. For instance, when the CPI increases, Social Security benefits and wages stated in labor contracts may rise as well. Forecasting f...
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متن کاملUsing a Different Measure of Inflation for Indexing Federal Programs and the Tax Code
Federal laws try to protect taxpayers and recipients of government benefits from the effects of rising prices by specifying that dollar amounts in many parts of the tax code and in some programs be automatically adjusted— or indexed—for inflation. Without such indexing, a rise in the general level of prices would alter the effects of federal policies even in the absence of action by lawmakers. ...
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تاریخ انتشار 2013