bracket creep

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Bracket creep

The gradual movement into higher tax brackets when incomes increase as a result of inflation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Bracket Creep

A situation in which inflation pushes people into higher tax brackets, resulting in a higher tax liability, even though the purchasing power of their income has not increased. When inflation is high, the dollar amounts of people's incomes goes up, but because prices for products also go up this does not correlate to an increase in purchasing power. However, because tax brackets are listed by dollar amounts, it may mean that the government is entitled to a greater share of one's disposable income. To avoid bracket creep, a legislature may link a tax bracket to inflation or change tax brackets every few years.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Crisp/Clean Break: Sear release without perceptible creep.
Resistance to creep is viewed [1-4] as a significant property of polymeric materials whenever end products are exposed to a more or less constant external force (dead load).
Creep corrosion is a process in which solid corrosion products (typically sulfide and chloride) migrate over a surface without the influence of an electric field.
The time parameters [t.sub.m]and [t.sub.0]are measures of the molecular mobility and, the smaller are these values, the more rapid is the creep deformation.
The role of creep to reduce induced tensile stress in restrained shrinkage has been recognised and included in methods to predict shrinkage cracking.
While Dyneema has some creep, it also has some stretch, and there is a difference.
The results are shown in Table 2 and were used to determine the tension ([R.sub.0]) for the creep test at relevant temperatures.
Contact them today for more information at or visit their Creep and Stress Rupture page at
Long-term creep behavior might be predicted from short-term test data if the time-temperature-superposition principle is applicable to the studied material.
To understand the interplay of both kinetics and mechanics during post-curing, DMA creep experiments were performed at various post-cure temperatures.
The molecular origins of creep and physical aging are not fully understood, although it has been suggested that for semicrystalline polymers, such as polypropylene at room temperature, changes in the mechanical properties are attributable to changes in the conformation of the tie molecules coupled with the motion of chains through the crystal lamellae (3, 4).