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bracket creep

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Bracket creep
The gradual movement into higher tax brackets when incomes increase as a result of inflation.
bracket creep
The movement of a taxpayer into higher tax brackets as his or her taxable income increases over time. Bracket creep occurs because of the progressive nature of the federal income tax structure, that is, extra income is taxed at higher and higher rates. As a result of bracket creep, more and more individuals seek tax-advantaged investments. Bracket creep was reduced significantly by 1986 tax reform, which reduced the number of tax brackets. Several additional brackets were added in the early 1990s.


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The use of multiple beneficiaries in such a fact pattern works against bunching of income and bracket creep.
IRS rulings clarify IRA distribution rules by Whitney, E. Kenneth / The Tax Adviser
Graetz's book delivers a practical and politically realistic exposition, covering issues from the marriage penalty and tax shelters to bracket creep and capital gains.
The Decline (and Fall?) of the Income Tax: How to Make Sense of the ... by Podolin, Leonard / The Tax Adviser
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