This is in an environment of 2 % inflation, wages and salary increases of at least 1.5 % and wage bracket creep (moving up within the wage scale). (3dpolicy.ca)
Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21 under the budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus. (businessnews.com.au)
But Reagan came out of the tax revolt of the 1970s and 1980s, which was largely driven by concerns over rising property taxes at the state and municipal level, and inflation - created bracket creep at the federal level. (firstthings.com)