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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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For those without a Retirement PlanIf you have no retirement plan at work, contribute to a traditional IRA or a Roth IRA. Your contributions to your 401(k) or IRA are tax-deferred, so that you don't pay any income taxes on your contrib ... Read more

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Nearby Terms

tax assessment
tax attribute
tax audit
tax base
tax basis
tax bracket
tax burden
tax certificate
tax clientele
tax code
Tax Court

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progressive tax
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