Tom Philpott

Tom Philpott

Tom Philpott has covered the military for more than 30 years. His syndicated column, Military Update, reaches 2 million readers and focuses on breaking news affecting pay, benefits, and the lifestyle of service people. He is a contributing editor with Military Officer, and his freelance articles have appeared in numerous magazines including The New YorkerWashingtonianReaders' Digest, and Kiplinger's. Philpott served a tour in the U.S. Coast Guard as an information officer.

2018

"Chained CPI" Shaves Tax Breaks. Will Your Retired Pay Be Next?

The new Republican-passed tax law deploys a new method of tracking inflation called the “chained” Consumer Price Index (CPI), a tool that will dampen future adjustments to federal tax brackets and standard deductions, reducing over time the value of touted tax breaks for individuals and companies.

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