Advertisement

Advertisement

bracket creep

noun

  1. the gradual movement of a wage earner into a higher federal income-tax bracket as a result of wage increases intended to help offset inflation.


Discover More

Example Sentences

If inflation spikes later in the year, as it did in 2021, bracket creep is more likely.

To avoid bracket creep, the government began adjusting, or indexing, tax brackets for inflation in the early 1980s, after a long period of raging inflation.

When Reagan entered office, stagflation was undercutting the credibility of economic technocrats and breeding tax revolts through “bracket creep.”

As a single tax filer myself, I noticed that unmarried taxpayers may actually suffer "bracket creep" that may translate into a higher tax liability in 2018.

From Salon

And even if you had bracket creep then you can maybe recognize that you have bracket creep now.

From Salon

Advertisement

Advertisement

Advertisement

Advertisement


bracket clockbracket foot