英语词汇“fiscal drag”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

fiscal drag

noun [mass noun] Economics

The deflationary effect of a progressive taxation system on a country’s economy. As wages rise, a higher proportion of income is paid in tax.It has raised taxes so that an extra $1.5 billion will be paid this year just as a result of people moving into higher income tax brackets through fiscal drag....

If every Budget has a theme, this year's is likely to be the extra amount of money the Treasury makes by leaving thresholds unchanged as prices and salaries rise - the so-called fiscal drag.
As many salaries are rising faster than this, more people will enter the top tax bracket - fiscal drag in operation and a classic stealth tax.

单词	fiscal drag
释义	fiscal drag noun [mass noun] Economics The deflationary effect of a progressive taxation system on a country’s economy. As wages rise, a higher proportion of income is paid in tax.It has raised taxes so that an extra $1.5 billion will be paid this year just as a result of people moving into higher income tax brackets through fiscal drag.... If every Budget has a theme, this year's is likely to be the extra amount of money the Treasury makes by leaving thresholds unchanged as prices and salaries rise - the so-called fiscal drag. As many salaries are rising faster than this, more people will enter the top tax bracket - fiscal drag in operation and a classic stealth tax.
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