Bracket creep will not exist if there is only a single (flat) tax rate for the income tax.

Question

Quizplus · Accepted Answer

Bracket creep occurs when an increase in a person's income pushes them into a higher tax bracket, leading to a higher overall tax rate. This happens in a tiered tax system where the tax rate increases as income increases. However, if there is only a single tax rate (i.e. a flat tax), every individual will be taxed at the same rate regardless of their income level, and there will be no bracket creep.

Bracket Creep Will Not Exist If There Is Only a Single