bn:00012636n
Noun Concept
Categories: Inflation, Income taxes, Tax stubs
EN
bracket creep  Income tax slab creep
EN
A movement into a higher tax bracket as taxable income increases WordNet 3.0
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EN
A movement into a higher tax bracket as taxable income increases WordNet 3.0 & Open English WordNet
Bracket creep is usually defined as the process by which inflation pushes wages and salaries into higher tax brackets, leading to fiscal drag. Wikipedia
Process by which inflation pushes wages and salaries into higher tax brackets, leading to fiscal drag Wikidata
The 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). Wiktionary
WordNet 3.0 & Open English WordNet
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