'MUCH WORSE POSITION': Biden, Dems face midterm wipeout with tax and spend agenda, expert says
that Americans can set aside for retirement in their 401 and other tax-deferred plans next year by about $2,000, or 9.8%, to $22,500 – the biggest jump since 2007, when the limit was $15,500.
But Norquist warned that taxpayers aren’t seeing a "real" gain, as capital gain taxes are not indexed to inflation.
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