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Words, grammatical forms and meanings linked to the ontology.

bracket creep en · NOUN

Meanings

  1. (uncountable) 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).
    • The corporate tax is essentially a flat-rate tax; thus there is no bracket creep. 1985, C. Eugene Steuerle, Taxes, Loans, and Inflation: How the Nation's Wealth Becomes Misallocated, page 34:
    • 2001, Frederick C. v N. Fourie, How to Think and Reason in Macroeconomics, 2nd edition, page 290, Bracket creep can be avoided by regularly adjusting tax brackets for inflation, so that the tax brackets remain unchanged in real terms.
    • Bracket creep, however, was occurring only among individuals, not corporations. All other things being equal, this bracket creep increased the extent to which borrowing would be undertaken by individuals, not corporations. 1990, John B. Shoven, Joel Waldfogel, Debt, Taxes, and Corporate Restructuring, page 27:

Relateds

fiscal drag

Translations (3)

cmn 稅級爬升 /税级爬升 (increased taxation caused by inflation) · de kalte Progression (increased taxation caused by inflation) · fi verotuksen kiristyminen inflaation myötä (increased taxation caused by inflation)