The across the board tax system reduced marginal rates and further reducedbracketcreepfrom inflation.
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One cause of fiscal drag may bebracketcreep, where progressive taxation increases automatically as taxpayers move into higher tax brackets due to inflation.
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The lack of indexing producesbracketcreep.
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Income taxbracketcreephad been used to fund the package butbracketcreephad not been used in the analysis of the after tax income various taxpayers would receive.
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