What does income tax bracket mean?
Definitions for income tax bracket
in·come tax brack·et
This dictionary definitions page includes all the possible meanings, example usage and translations of the word income tax bracket.
Princeton's WordNet
income bracket, tax bracket, income tax bracketnoun
a category of taxpayers based on the amount of their income
ChatGPT
income tax bracket
An income tax bracket is a range of incomes that the government taxes at a specific rate. The system is typically progressive, meaning that the rate of taxation increases as the taxable amount increases. In other words, different portions of a person's or entity's income are taxed at different rates. Each jump from one income bracket to the next is known as a “tax threshold” or "tax marginal rate". The aim is often to tax individuals based upon their earnings, with those who earn more paying more tax.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of income tax bracket in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of income tax bracket in Pythagorean Numerology is: 2
Translations for income tax bracket
From our Multilingual Translation Dictionary
- подоходный налогRussian
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"income tax bracket." Definitions.net. STANDS4 LLC, 2024. Web. 2 Jun 2024. <https://www.definitions.net/definition/income+tax+bracket>.
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