Bracket Creep

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August 25, 2024 4 min read Definitions

Bracket Creep: Understanding Tax Bracket Shifts Due to Inflation

Economics Finance Taxes Bracket Creep Inflation Tax Brackets Government Revenue Tax Policy

Bracket Creep refers to the phenomenon where taxpayers are pushed into higher income tax brackets due to income rises aligned with inflation, increasing government revenue without changes in tax rates.

August 25, 2024 4 min read Definitions

Indexation: The Process of Relating Economic Variables to Indicators

Economics Finance Government Regulations Indexation Inflation Federal Income Taxes Bracket Creep Economic Variables

Detailed exploration of Indexation – the process of adjusting economic variables based on specific indicators, typically to inflation. Includes examples such as Federal income taxes and prevention of bracket creep.