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.

Use tax bracket in a sentence

Knowing what tax bracket you fall into can be very beneficial because it explains the percentage that your income will be taxed.

​ Was this Helpful? YES  NO 1 out of 1 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bracket creep graduated flat tax