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tax bracket

 

Definitions from WordNet

Noun tax bracket has 1 sense
  1. 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

Tax Bracket

Description: Tax bracket refers to the range of taxable income within which a taxpayer falls, determining the percentage of their income that they are required to pay in taxes. It is an essential concept in understanding the progressive tax system in many countries.

Sense 1: Noun - Categorization of Income for Taxation

Example sentence: In the United States, there are seven tax brackets based on income levels, with higher earners placed in higher tax brackets.

Sense 2: Noun - Individual Taxation Level

Example sentence: John moved to a higher tax bracket this year due to his promotion and increase in salary.

Sense 3: Noun - Corporate Tax Classification

Example sentence: Large corporations often strategize their financial planning to stay within a lower tax bracket.

Sense 4: Verb - The Act of Assigning into a Tax Bracket

Example sentence: The accountant carefully tax brackets the company's profits in order to minimize tax liabilities.

Sense 5: Adjective - Popular or Widely Known for Tax Purposes

Example sentence: The tax software offers an easy-to-use interface, making it a tax bracket choice among individuals and small businesses.

Related Products: - Tax Planning Books - Income Tax Software - Tax Attorney Services - Tax Deduction Guides

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