TAXBRACKET

Tax bracket

Tax brackets are the divisions at which tax rates change in a progressive tax system . Essentially, they are the cutoff values for taxable income — income past a certain point will be taxed at a higher rate.

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tax bracket

Noun

  1. A range over which a piecewise linear, generally progressive, tax is linear.


The above text is a snippet from Wiktionary: tax bracket
and as such is available under the Creative Commons Attribution/Share-Alike License.

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