Bracket creep
id:
bracket-creep-282-16394665
title:
Bracket creep
text:
Bracket creep is usually defined as the process by which inflation pushes wages and salaries into higher tax brackets, leading to fiscal drag. However, even if there is only one tax bracket, or one remains within the same tax bracket, there will still be bracket creep resulting in a higher proportion of income being paid in tax. That is, although the marginal tax rate remains unchanged with inflation, the average tax rate will increase. Most progressive tax systems are not adjusted for inflation
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Bracket_creep
date created:
date modified:
2023-08-10T05:09:48Z
main entity:
{"identifier":"Q1122616","url":"https://www.wikidata.org/entity/Q1122616"}
image:
fields total:
13
integrity:
13