fiscal drag

English - Turkish

Definition of fiscal drag in English Turkish dictionary

(Ticaret) mali engel

English - English

Definition of fiscal drag in English English dictionary

(Ekonomi) The deflationary effect of a progressive taxation system on a country's economy. As wages rise, a higher proportion of income is paid in tax

Hyphenation

fis·cal drag

Turkish pronunciation

fîskıl dräg

Pronunciation

/ˈfəskəl ˈdrag/ /ˈfɪskəl ˈdræɡ/