Bracket creep

noun

Word Frequency: 0.0

Definitions

1.nounThe move towards increased taxation when an inflation adjustment to a wage or salary pushes a taxpayer into a higher tax bracket (or, in a progressive taxation regime, further into a bracket).

Synonyms

taxflation income bracket wage-push inflation indexation inflation notch tax shift excuseflation tax wedge wage drift cost-push inflation stealth tax

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