bracket creep
kalte Progression
The move towards increased taxation when an inflation adjustment to a wage or salary…The move towards increased taxation when an inflation adjustment to a wage or salary pushes a taxpayer into a higher tax bracket (or, in a progressive taxation regime, further into a bracket).
Meaning
1 senses(uncountable)The move towards increased taxation when an inflation adjustment to a wage or salary pushes a taxpayer into a higher tax bracket (or, in a progressive taxation regime, further into a bracket).
kalte Progression
a movement into a higher tax bracket as taxable income increases
Translations
1 languagesDeutsch
By meaning 1
increased taxation caused by inflation:
Word family
1 related wordsRelatedfiscal drag
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable