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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).
Definition source: English Wiktionary via Wiktextract
Usage: uncountable
Topics: economics, government, sciences, taxation
Examples
- 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.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a movement into a higher tax bracket as taxable income increases
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
Broader terms: income tax
No etymology was provided for this word.
Across languages
Translations
3 source translations are retained for this English entry.
-
Chinese Mandarin:
稅級爬升 /税级爬升
(shuìjí páshēng)
— increased taxation caused by inflation
-
Finnish:
verotuksen kiristyminen inflaation myötä
— increased taxation caused by inflation
-
German:
kalte Progression
— increased taxation caused by inflation
