Bracket Creep
When inflation quietly pushes you into a higher tax bracket… even though you’re not actually better off!
Also called fiscal drag.
Example:
You got a raise, but the price of groceries went up as well, so you’re no better off but still pay more tax.
Bracket creep gets used by governments to give everyone ‘tax cuts’---but actually they’re just moving the brackets back to where they started.
Visual idea: A staircase labelled “tax brackets” with someone being pushed upward by a giant balloon labelled “inflation.”