-
High marginal tax rates with inflation worsening their effect through bracket creep did their part.
FORBES: The Monetary Foundations Of Economic Prosperity
-
But the fix is temporary, and does nothing to deal with another AMTproblem: bracket creep.
FORBES: Follow Through
-
That income will seem even less after inflation, higher taxes and bracket creep have done their nasty work.
FORBES: The Great Tax Revolt Of 2012
-
It leads to tax bracket creep for individuals increasing their tax rates in addition to the total tax amount.
FORBES: 10 Sins Of Inflation
-
These adjustments prevent inflation-induced increases in tax rates, an effect called bracket creep.
FORBES: Why the Buy and Hold Strategy Can Work. Part Three
-
He also indexed the tax brackets for all taxpayers to inflation, which prevented inflation from pushing middle class taxpayers into higher tax brackets (bracket creep).
FORBES: Don't Believe Obama's Ads, Romney Is A Middle Class Tax Cutter
-
Second is bracket creep, whereby small businessmen and even truck drivers could suddenly find themselves paying 40% and even 50% in taxes on their marginal income.
FORBES: Magazine Article
-
Revenues, by contrast, oscillated narrowly around the long-run 18% average between 1962 and 1978, after which rapid inflation quickly drove revenues up to 19.6% in 1982 due to bracket creep.
FORBES: Do We Face A Government Default, Or De-End?
-
The group has argued that that corporate taxes, payroll taxes and so-called "bracket creep"--where taxpayers are bumped into a higher tax bracket because of inflation--are all examples of hidden taxes.
FORBES: Washington's Hidden Taxes
-
Inflation pushed up taxes by way of bracket creep.
FORBES: 1970s Recovery, But Global