Quote of the Day - The difference between genius and stupidity is that genius has its limits.
Now, penalties are going up a whopping 17.23%.
The USEPA claims that 17.23% is the rate of inflation for the last four years. All I know is that my income hasn't gone up almost twenty percent over the last four years, and I doubt yours has either.
I checked with the Department of Labor, and according to the consumer price index, inflation went up only 9.3% over this same, four-year period. If you look closely, you can find the DOL's inflation calculator, which notes that $1.00 in 2000 will buy what $1.08 would buy in 2004. By the Bureau of Labor Statistic's calculations, that's only 8%.
Not even close to 17.23%.
If you want to ask the USEPA how it made its calculations, call or email Cynthia Bergman 202-564-7862. You won't believe the government doublespeak.