bracket creep
noun[U]
USukusTAX
asituationin which someonepaysahigherrateoftaxafterreceivinganincreaseinincomethat isintendedtokeepup withinflation
Examplesofbracket creep
bracket creep
The across the board tax system reduced marginal rates and further reducedbracketcreepfrom inflation.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.One cause of fiscal drag may bebracketcreep, where progressive taxation increases automatically as taxpayers move into higher tax brackets due to inflation.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The lack of indexing producesbracketcreep.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Income taxbracketcreephad been used to fund the package butbracketcreephad not been used in the analysis of the after tax income various taxpayers would receive.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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