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Complete Definition of "bracket creep"

wikipedia
English
Noun
bracket creep

  1. AU Increased taxation arising from wage and salary increases pushing taxpayers into higher tax brackets, or further into such brackets, in a progressive taxation system. The wage rises here are those from keeping pace with inflation or similar (not increased skills or better jobs) so a worker merely doing the same thing for the same notional purchasing power is taxed at a higher rate.

Synonyms
fiscal drag
Category:Taxation

Revision and Credits for"bracket creep"
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