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:
- US English dictionary
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