InvestmentNews Article Rating

Inflation adjustment boosts IRS standard deduction, lifting take-home pay

Oct 22, 2022 View Original Article
  • Bias Rating

    38% Somewhat Conservative

  • Reliability

    N/AN/A

  • Policy Leaning

    38% Somewhat Conservative

  • Politician Portrayal

    -2% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

N/A

  •   Conservative
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Bias Meter

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Bias Meter

Contributing sentiments towards policy:

46% : That's the largest increase to the standard deduction since the tax system was first indexed to inflation in 1985, and will reduce the amount of income subject to taxes for most people.
44% : The automatic adjustments to standard deductions and tax brackets will help a majority of U.S. workers whose wages have not kept up with ballooning inflation, allowing them to shield more of their earnings from income taxes.
40% : However, Eric Bronnenkant, head of taxes for financial adviser Betterment, noted some tax items are not adjusted for inflation.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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