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tax bracket

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Definition of tax bracket in English:

noun

A range of incomes taxed at a given rate.
Example sentences
  • The basic idea is that you are not taxed on the funds until you withdraw, at which point you are taxed at the rate of your income tax bracket.
  • From an economic point of view, only the marginal income is relevant, that is the income in the highest tax bracket.
  • During World War II, policy makers pushed the income tax downward but also raised the top tax bracket, this time to 94%.

Definition of tax bracket in:

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