bracket creep Synonyms
No Synonyms and anytonyms found
bracket creep Meaning
Wordnet
bracket creep (n)
a movement into a higher tax bracket as taxable income increases
bracket creep Sentence Examples
- Many taxpayers are concerned about bracket creep eroding their purchasing power.
- Governments often adjust tax brackets to prevent excessive bracket creep.
- With inflation on the rise, many workers are experiencing the effects of bracket creep.
- Economic policies aimed at curbing bracket creep can provide relief to middle-income earners.
- Taxpayers should be mindful of bracket creep when planning their finances for the year.
- Progressive tax systems are susceptible to bracket creep as incomes rise over time.
- Analysts predict that without adjustments, bracket creep could impact a significant portion of the population.
- Lobbying groups advocate for reforms to mitigate the effects of bracket creep on taxpayers.
- High rates of bracket creep can discourage investment and economic growth.
- Addressing bracket creep requires a balanced approach that considers both revenue needs and taxpayer fairness.
FAQs About the word bracket creep
a movement into a higher tax bracket as taxable income increases
No synonyms found.
No antonyms found.
Many taxpayers are concerned about bracket creep eroding their purchasing power.
Governments often adjust tax brackets to prevent excessive bracket creep.
With inflation on the rise, many workers are experiencing the effects of bracket creep.
Economic policies aimed at curbing bracket creep can provide relief to middle-income earners.
