Slowly moving into higher tax brackets as one's income rises to keep up with inflation.
Related information about bracket creep:
- Bracket Creep Definition | Investopedia
A situation where inflation pushes income into higher tax brackets. The result is an increase in income taxes but no increase in real purchasing power.
- Fiscal drag - Wikipedia, the free encyclopedia
One cause of fiscal drag may be bracket creep, where progressive taxation increases automatically as taxpayers move into higher tax brackets due to inflation.
- Bracket Creep - Financial Dictionary - The Free Dictionary
The gradual movement into higher tax brackets when incomes increase as a result of inflation. Bracket Creep. A situation in which inflation pushes people into ...
- What is bracket creep? definition and meaning
Definition of bracket creep: Slowly moving into higher tax brackets as one's income rises to keep up with inflation.
- bracket creep - Wiktionary
Bracket creep, however, was occurring only among individuals, not corporations. All other things being equal, this bracket creep increased the extent to which ...
- Bracket creep - Merriam-Webster Online
movement into a higher tax bracket as a result of income rises intended to offset the effects of inflation. First Known Use of BRACKET CREEP. 1978. Rhymes ...
- Archived-Articles: Warning! Bracket Creep Ahead!
Mar 6, 2009 ... Bracket creep is the result of a progressive tax system in an inflationary environment. In a progressive tax system the rate at which income (or ...
- What is Bracket Creep?
Brief and Straightforward Guide: What is Bracket Creep?