Meaning Of The Word Bracket creep
What's the definition of Bracket creep? Find Bracket creep meanings, definitions and more at the Real Dictionary online.
Bracket creep Meaning
| Bracket creep Definition |
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What's The Definition Of Bracket creep?
bracket creep in American English
an advance into a higher income tax bracket resulting from an increase in nominal income: the higher taxes, when combined with the effects of inflation, may produce a decline in real income noun: 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 |
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