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bracket creep Line breaks: bracket creep

Definition of bracket creep in English:

noun

[mass noun] chiefly Australian /NZ
Increased tax liability that results from a rise in income or incomes: inflation may just lower our real wages, rather than contributing to bracket creep
More example sentences
  • The measure was introduced to reduce the frequency of bracket creep.
  • These figures ignored the amount collected through bracket creep in the first years of the Howard Government.
  • Bracket creep has seen 12% of New Zealanders now paying tax in the top bracket.

Definition of bracket creep in:

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