Meaning Of The Word Bracket creep

Real Dictionary

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Bracket creep Meaning

Bracket creep Definition
Bracket creep Definition

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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