bracket indexation meaning
[Economics]
A change in the upper and lower limits of any particular taxation bracket in line with an index of inflation. This is needed in times of inflation to avoid fiscal drag (the tax system collecting unduly large amounts of tax).
A change in the upper and lower limits of any particular taxation bracket in line with an index of inflation. This is needed in times of inflation to avoid fiscal drag (the tax system collecting unduly large amounts of tax).
