单词	bracket creep
释义	bracket creep noun : movement into a higher tax bracket as a result of income rises intended to offset the effects of inflation Example Sentences Recent Examples on the Web Change to income tax brackets to avoid bracket creep. Steven Arons, Fortune, 4 Sep. 2022 That means, in a world with 8.6% inflation, South Carolina’s indexing is not keeping up with inflation, resulting in some bracket creep. Patrick Gleason, Forbes, 16 June 2022 With 16 tax brackets and 9% inflation over the period, bracket creep increased taxes as a share of gross domestic product by 2.1%, dwarfing the later Clinton and Obama tax increases combined. Mike Solon, WSJ, 2 Aug. 2022 Lawmakers in some of these 13 states have taken action this year to protect their constituents against bracket creep. Patrick Gleason, Forbes, 16 June 2022 The best way to deal with bracket creep is to index income tax brackets to inflation, as 37 states already do. Adam A. Millsap, Forbes, 13 Apr. 2022 The high inflation rate in the West South Central coupled with tax brackets that are not indexed means taxpayers in Oklahoma and Louisiana are especially at risk for bracket creep. Adam A. Millsap, Forbes, 13 Apr. 2022 The payroll tax hike and income-tax-bracket creep combined will cost the average household £600 ($800) a year, the Resolution Foundation estimates. The Editorial Board, WSJ, 25 Jan. 2022 By eliminating bracket creep and its automatic annual revenue boost, indexing put new limits on government. Joseph Thorndike, Forbes, 6 Dec. 2021 See More Word History First Known Use 1977, in the meaning defined above
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