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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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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Slang definitions & phrases for bracket-creep

bracket creep

noun phrase

The raising of wage earners into higher income-tax brackets, esp because of wage raises triggered by inflation: Tax payments will mount next year from ''bracket creep,'' the tendency of inflation to push people into higher tax brackets (1970s+)


The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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