单词 | taxflation |
释义 | taxflationn. U.S. The increase in income tax payable brought about when an inflation-linked rise in income causes a person to move into a higher tax bracket (and hence to be assessed at a higher rate). Cf. bracket creep n. at bracket n. Additions. ΚΠ 1976 Los Angeles Times 8 Aug. 19/1 Tonight—Discussion scheduled: ‘Taxflation’. 1979 U.S. News & World Rep. 8 Oct. 84/3 Tax relief could come from plans to reduce the impact of ‘taxflation’, the term used to describe the bigger tax load people must bear when inflation pushes them into higher tax brackets. 1982 Policy Rev. Winter 147 Thanks to the phenomenon of ‘taxflation’, the federal government has enjoyed an enormous revenue windfall, amounting to tens of billions of dollars annually. 1998 B. A. Wallin From Revenue Sharing to Deficit Sharing 28 Taxpayers were pushed into higher tax brackets, giving birth to the concept of ‘taxflation’. This is a new entry (OED Third Edition, December 2009; most recently modified version published online March 2022). < n.1976 |
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