sustantivo[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.
Oraciones de ejemplo
- 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.
For editors and proofreaders
Saltos de línea: fis¦cal drag
¿Qué te llama la atención de esta palabra o frase?
Los comentarios que no respeten nuestras Normas comunitarias podrían ser moderados o eliminados.
Muy popular en Reino Unido
Muy popular en Australia
= de moda