9. Income tax brackets were not indexed until 2000. When inflation pushed up people's nominal incomes during

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9. Income tax brackets were not indexed until 2000.

When inflation pushed up people's nominal incomes during the 1970s, what do you think happened to real tax revenue? (Hint: This phenomenon was known as "bracket creep.")

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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9. Income tax brackets were not indexed until 2000. When inflation pushed up people's nominal incomes during

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Principles Of Macroeconomics

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