bracket creep
Tax rate inflation
Bracket creep is the gradual movement of taxpayers into higher income tax brackets due to inflation rather than real income growth.
As wages rise nominally to keep pace with inflation, earners cross thresholds into brackets with higher rates, increasing their tax burden even though their purchasing power hasn't changed: Bracket creep quietly raised my effective tax rate by two points over the decade.
- taxflationInflation-driven tax increase
- hidden taxObscured fiscal extraction
- income taxGovernment charge on earnings
- inflationSustained price level increase
- tax hikeRaised government levy
thresholds · inflationary spiral · taxable income · cost of living · cost of living adjustment · real income · real wages · tax burden · stealth · real value · economics · progressive tax · price level · cost-push inflation · disposable income · wage increase · annual raise · purchasing power
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- chargesfees, surcharges, levies, service charges, service fees
- taxationtax, income tax, sales tax, tax return, tax refund
- inflationinflation, CPI, price hikes, hyperinflation, cost-push inflation
- redistributionredistribution, wealth transfer, progressive tax, wealth tax, estate tax
- revenuegross revenue, net revenue, total revenue, revenue streams, sales revenue
creep, bracket, creeping, creeps, crept, brackets, bracketed, bracketing, tax bracket