First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/12/04/are-we-doomed-to-relive-nixon-era-inflation-003663
<p><img src='https://www.moneymetals.com/uploads/content/Are-We-Doomed-To-Relive-Nixon-Era-Inflation-John-Phelan-AIER-Joshua-D-Glawson-Money-Metals-Exchange-min--1-.jpg'/></p>This phenomenon, “bracket creep,” where inflation pushed taxpayers into higher brackets, increasing their tax burden without a real increase in income, hit income taxpayers too.