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Capital gains are taxed at a lower marginal rate than ordinary income, but the value of that sale is not currently adjusted for inflation.
https://www.pgpf.org/blog/2018/08/the-capital-gains-tax-and-trumps-proposed-changes-explained
Last year’s tax legislation was a key opportunity to simplify the tax code, but in addition to adding significantly to our national debt, the Tax Cuts and Jobs Act actually increased the number of tax breaks.
The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.
Today's young adults are more likely to have student debt than their historical peers.
https://www.pgpf.org/chart-archive/0223_millennial_student_debt
Today's young adults face higher student debt burdens than their historical peers, even after adjusting for inflation.
https://www.pgpf.org/chart-archive/0226_millennial_student_debt_burden
Young college graduates today are entering the workforce with an unprecedented amount of student debt. How does student debt relate to the economic outlook for younger Americans and the finances of the U.S. government?
https://www.pgpf.org/blog/2018/07/the-facts-about-student-debt
While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
The concentration of income toward high earners has become more pronounced over the last 36 years.
https://www.pgpf.org/blog/2018/04/cbo-income-inequality-continues-to-rise
The Tax Cuts and Jobs Act will lower revenues significantly and made changes to both tax rates and bracket widths.
https://www.pgpf.org/blog/2018/03/how-tax-cuts-are-affecting-revenues-and-rates
