The Movement into a Higher Tax Bracket as a Result

question 8

Multiple Choice

The movement into a higher tax bracket as a result of inflation increasing wages is called

• A)bracket climbing.
• B)bracket migration.
• C)bracket creep.
• D)bracket shifting.

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Definitions:

Hindsight Bias

The inclination to believe, after an event has occurred, that one would have predicted or expected the outcome.

Stereotype

A widely held but oversimplified and generalized belief about a particular category of people or things.

Negative Emotion

Emotional states considered to be unpleasant or harmful, such as sadness, anger, fear, and jealousy.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially based on race, age, or sex.