income tax bracket

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Definitions from WordNet

Noun income tax bracket has 1 sense

income bracket, tax bracket, income tax bracket - a category of taxpayers based on the amount of their income
--₁ is a kind of bracket

Definitions from the Web

Income Tax Bracket

Description:

An income tax bracket refers to the range of income levels that determine the rate at which individuals or corporations are taxed. These brackets are established by tax authorities and are used to calculate how much tax a taxpayer owes based on their taxable income.

Sample Sentences:

John falls into the 25% income tax bracket with his annual income of $75,000.
The government adjusted the income tax brackets, resulting in higher taxes for those in the top bracket.
Understanding your income tax bracket can help you plan your expenses and savings accordingly.

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