Informal 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
bracket creep
bracket creepWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"bracket creep." YourDictionary, n.d. Web. 21 January 2019. <https://www.yourdictionary.com/bracket-creep>.
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bracket creep. (n.d.). Retrieved January 21st, 2019, from https://www.yourdictionary.com/bracket-creep
bracket creep
noun
A shift of personal income into a tax bracket with a higher tax rate as a result of inflation.
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"bracket creep." YourDictionary, n.d. Web. 21 January 2019. <https://www.yourdictionary.com/bracket-creep>.
APA Style
bracket creep. (n.d.). Retrieved January 21st, 2019, from https://www.yourdictionary.com/bracket-creep
Noun
(uncountable)
English Wiktionary. Available under CC-BY-SA license.
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Cite this page
MLA Style
"bracket creep." YourDictionary, n.d. Web. 21 January 2019. <https://www.yourdictionary.com/bracket-creep>.
APA Style
bracket creep. (n.d.). Retrieved January 21st, 2019, from https://www.yourdictionary.com/bracket-creep
bracket creep - Investment & Finance Definition
The effect that inflation has on pushing incomes higher and, thus, into higher income tax brackets.
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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Cite this page
MLA Style
"bracket creep." YourDictionary, n.d. Web. 21 January 2019. <https://www.yourdictionary.com/bracket-creep>.
APA Style
bracket creep. (n.d.). Retrieved January 21st, 2019, from https://www.yourdictionary.com/bracket-creep
