Municipal bonds, because they are tax - exempt, are popular among individuals in higher income tax brackets. (investopedia.com)
This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from credits or deductions due to inflation, instead of any increase in real income. (taxfoundation.org)
Also winners, as a rule, are people in relatively high income tax brackets, since the deduction cuts their taxes by a larger percentage. (valuepenguin.com)