bracket creep

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bracket creep

n.
A shift of personal income into a tax bracket with a higher tax rate as a result of inflation.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

brack′et creep`


n.
the movement of a wage earner into a higher federal income-tax bracket as a result of wage increases intended to help offset inflation.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bracket creep - a movement into a higher tax bracket as taxable income increases
income tax - a personal tax levied on annual income
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Tax bracket creeps, VAT hikes and, more recently, petrol price increases, he said, have added to this pressure.
bracket creeps downward, encompassing smaller and smaller claims.
the dataset is subject to bracket creep. Over time, the lower end of the