bracket creep meaning

UK /ˈbrækɪt kriːp/ US /ˈbrækɪt krip/ 3 syllables

bracket creep (noun): a movement into a higher tax bracket as taxable income increases.

Definition of bracket creep

  1. a movement into a higher tax bracket as taxable income increases

    Type of: income tax

How to pronounce bracket creep

bracket creep is pronounced /ˈbrækɪt kriːp/ in British English and /ˈbrækɪt krip/ in American English. It has 3 syllables.

More about bracket creep on Wikipedia.