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bracket creep

noun

  1. 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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Example Sentences

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If inflation spikes later in the year, as it did in 2021, bracket creep is more likely.

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To avoid bracket creep, the government began adjusting, or indexing, tax brackets for inflation in the early 1980s, after a long period of raging inflation.

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When Reagan entered office, stagflation was undercutting the credibility of economic technocrats and breeding tax revolts through “bracket creep.â€

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As a single tax filer myself, I noticed that unmarried taxpayers may actually suffer "bracket creep" that may translate into a higher tax liability in 2018.

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And even if you had bracket creep then you can maybe recognize that you have bracket creep now.

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