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Trump's Bureau of Labor Statistics Nominee: President Trump's decision to replace the commissioner of the Bureau of Labor Statistics raises concerns about potential manipulation of economic data, which could lead to higher taxes for citizens if the new nominee, E.J. Antoni, skews statistics to favor the administration.
Impact of Inflation Indexing on Taxes: The IRS adjusts tax thresholds annually for inflation, with recent changes increasing the 10% tax bracket limits for single individuals and married couples due to indexing, reflecting the impact of inflation on taxation.
