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bracket creep (H2)<br />The movement of income tax payers into higher tax brackets as the inevitable consequence of the growth of money incomes with the income bands for each rate of income tax remaining the same. The results of this are higher marginal and average tax rates. The TAX REFORM Acr 1986 (USA) attempted to eliminate this creep by indexing tax brackets and reducing the number of tax brackets.<br /><em>See also:</em> indexation; Rooker Wise Amendment
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<strong>DL</strong> – Direct Loan Program, a federal student loan program through which the U.S. Department of Education loans money directly to students and parents rather than having the loans funded by private lenders, as in the case of the FFEL Program. Direct lending is codified in federal regulations within 34 CFR 685.
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