Question: Bracket Creep happens when A ) tax liabilities are based on real income and there is a negative inflation rate. B ) tax liabilities are
"Bracket Creep" happens when
A tax liabilities are based on real income and there is a negative inflation rate.
B tax liabilities are based on nominal income and there is a positive inflation rate.
C too many peculiar people make their way into the highest tax bracket.
D tax liabilities are based on nominal income and there is a negative inflation rate.
E tax liabilities are based on real income and there is a positive inflation rate.
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