from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Informal A shift of personal income into a higher tax bracket when the taxable income increases over time.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Increased taxation that arises when an inflation adjustment to a wage or salary pushes a taxpayer into a higher tax bracket (or, in a progressive taxation regime, further into a bracket).
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a movement into a higher tax bracket as taxable income increases
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