80 • RU BY, WILD ING & SWANSBURG In 1998, the average middle quintile household reported $ b 3 ra 8 c ,9 k 6 et 7 . of income—which placed them in the 15 percent tax ³⁵ If you do the math (and, as an actuary, I have), you’ll see thhigaht etarxinbr1a9c9k8etthraatnesinfo2r0t1h8e. middle quintile were 20 percent In short? Today’s tax bracket rates could rise significantly b 1 e 9 f 9 o 0 r s e . approaching the rates we were used to paying in the As Becky discussed in the previous chapter, ballooning fme do er er arl edveebntu eh.a Ms yp uatnpa lryessissu sr he oowns oiunrc rgeoa vs ee sr nimn etna xt tbor arcaki seet rs ahteepsh oe rf d2i0n at on e3w0 eprear oc ef n“ ht i wg ho”utladx easl .i gI nn suhso rwt , i tt ahx ehsi sttoodr ay y, na roet al arwt i f. iAc inadl l,yt hl oe wy ’ r, et hvaenr yk sl i ki ne llya rt og es tpaar rt tg ot oi ntghue p2—0 1s 7o otna.x r e f o r m So what if we returned to the 1990s? What would it look like if your taxes rose 30 percent during retirement? Neil’s going to show you in the next chapter.
³⁵ Tax Foundation. May 2022 . “Federal Individual Income Tax Rates History.” hf etdt p_ isn: /d/i vf iildeus .at la_xrfaotue n_ hdias tt ioorny._onrogm/ l ei ngaalc. py d/ df o c s /
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