What is bracket creep? How can indexation of tax brackets, the standard deduction, and the personal exemption

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What is bracket creep? How can indexation of tax brackets, the standard deduction, and the personal exemption eliminate bracket creep?

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Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

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Question Posted: Aug 15, 2023 02:33 PM

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What is bracket creep? How can indexation of tax brackets, the standard deduction, and the personal exemption

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Bracket creep refers to a phenomenon in taxation where inflation gradually pushes taxpayers into higher tax brackets resulting in an increase in their ...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

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