tax bracket
51bracket creep — the gradual movement of a wage earner into a higher federal income tax bracket as a result of wage increases intended to help offset inflation. * * * …
52bracket creep — brack′et creep n. bus the movement of a wage earner into a higher federal income tax bracket as a result of wage increases intended to help offset inflation …
53bracket — Marks used to set off a parenthetical clause or expression. See parenthesis; tax bracket …
54bracket — index class, connect (relate), enclose, enclosure, include, pigeonhole, relate (establish a connection) Bu …
55tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …
56Tax Indexing — The adjustment of the various rates of taxation done in response to inflation and to avoid bracket creep. Indexing is a method of tying taxes, wages or other rates to an index to preserve the public s purchasing power during periods of inflation …
57bracket — noun 1 brackets (esp. BrE) marks around extra information in writing ⇨ See also ↑parenthesis ADJECTIVE ▪ angle (BrE, AmE), curly (also braces, esp. in AmE), round, square (just brackets in AmE) …
58bracket creep — The tendency of inflation to push people into higher tax brackets. ► “There was a huge but unlegislated hike in effective marginal tax rates in 1970– 1980. This was because of bracket creep the collision of inflation with a steeply progressive… …
59bracket indexation — A change in the upper and lower limits of any particular taxation bracket in line with an index of inflation. This is needed in times of inflation to avoid fiscal drag (the tax system collecting unduly large amounts of tax) …
60bracket — [[t]bræ̱kɪt[/t]] brackets, bracketing, bracketed 1) N COUNT: usu n N If you say that someone or something is in a particular bracket, you mean that they come within a particular range, for example a range of incomes, ages, or prices. ...a 33% top …
