Word Pronunciation & Dictionary

bracket creep

Word Rarity Rare

Frequency: Zipf frequency 3.54 in modern English

Syllables: brack-et creep
IPA

24

Scrabble Score

12

Letters

2

Syllables

8

Unique Chars

Meaning

noun

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).

Uncountable

Example Sentences

"The corporate tax is essentially a flat-rate tax; thus there is no bracket creep."
"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."
"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."

Usage

Uncountable

Phrases

fiscal drag

Frequently Paired Words

fiscal drag

Questions

What does bracket creep mean?: 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).

How to pronounce bracket creep

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