tax bracket
Definition
The level of income tax of a given individual, as indicated by the amount of taxes he/she pays on his/her final dollar of taxable income. also called marginal tax bracket or tax rate.
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Related Terms
progressive tax, regressive tax, flat tax, bracket creep
'tax bracket
' appears in the definitions of these terms on BusinessDictionary.com
income splitting, marginal relief, poverty trap, salary reduction plan
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