tax bracket financial definition of tax bracket. tax bracket finance term by the Free Online Dictionary.

Tax bracket

The percentage of tax obligation for a particular taxable income.

Marginal Tax Rate

A percentage of one's income that one must pay in taxes. Marginal tax rates vary according to income levels. One who makes $100,000 per year has a higher marginal tax rate than one who makes $25,000. However, the marginal tax rate does not increase for one's entire income, merely each dollar over a certain threshold. Suppose one pays 10% of one's income up to $25,000, and 20% thereafter. The taxpayer making $25,001 does not suddenly have to pay 20% of his/her entire income, only on the one dollar over $25,000. That is, he/she owes 10% of $25,000 ($2,500) and 20% of the $1 over that (or $0.20). All things being equal, this taxpayer owes $2,500.20 in taxes.

tax bracket

See marginal tax rate.

Tax bracket. A tax bracket is a range of income that is taxed at a specific rate.

In the United States there are six brackets, taxed at 10%, 15%, 25%, 28%, 33%, and 35% of the amount that falls into each bracket.

For example, if your taxable income was high enough to cross three brackets, you'd pay tax at the 10% rate on income in the lowest bracket, at the 15% rate on income in the next bracket, and at the 25% rate on the rest.

The rates remain fixed until they are changed by Congress, but the dollar amounts in each bracket change slightly each year to adjust for inflation.

In addition, the income that falls into each bracket varies by filing status, so that if you file as a single taxpayer you may owe more tax on the same taxable income as a married couple filing a joint return.

tax bracket

The highest marginal tax rate to which a person or estate will be subject.Income taxes and estate taxes are calculated as a percentage of adjusted gross income, but the percentage increases as income increases. One's income is divided into brackets with an upper and lower limit to each bracket;the income within the bracket is taxed at its appropriate percentage rate,and then the next bracket is taxed at a higher percentage rate. See marginal tax rate.

Tax Bracket

The rate at which income at a particular level is taxed.

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
After-Tax Basis Bracket Creep Bracket Indexation Capital Gains Tax Capital Gains Treatment Corporate Equivalent Yield Equivalent Taxable Yield Filing Status Graduated Flat Tax Job Creation and Worker Assistance Act of 2002 Jobs And Growth Tax Relief Reconciliation Act of 2003 marginal tax rate Marriage Penalty Omnibus Budget Reconciliation Act of 1993 Overwithholding Tax-Equivalent Income Taxable Equivalent Yield Underwithholding Yield Ratio	Income tax brackets next year will be raised, as accumulated increase of consumer price index (CPI) may top 3% since the last increase of the brackets in 2008, according to the revision of Income Tax Law passed by the Legislative Yuan in April this year. Personal income tax to drop considerably next year by The Taiwan Economic News CO emissions with the new engine fall to 145g/km, which leaves it in the same pounds 125-a-year tax bracket as the more powerful version. New diesel extends Cruze range by Daily Post (Liverpool, England) CO emissions with the new engine fall to 145g/km which leaves it in the same pounds 125 a year tax bracket as the more powerful version. Chevrolet's Cruze delivers diesel economy boost by South Wales Echo (Cardiff, Wales)	Taux des fonds federaux Taux interbancaire Taux interbancaire offert Taux interne de rentabilite Taux plafond Tax Abatement Tax accounting Tax Advantage Tax Allowance tax and insurance escrow Tax and Loan Account Tax and Spend Tax Anticipation Bill Tax Anticipation Bills Tax Anticipation Note Tax Anticipation Notes Tax Arbitrage Tax Assessment Tax Audit tax avoidance tax base Tax Basis tax benefit rule Tax Books tax bounty hunter tax bracket Tax Break tax certificate Tax clawback agreement Tax Clientele Tax Counseling for the Elderly tax court Tax Court of Canada tax credit Tax Credit for the Elderly or Disabled Tax Deductibility Tax Deductible Interest tax deduction tax deed Tax Deferral Tax Deferral Option Tax Deferred Tax Deposit Tax Deposit Certificate tax depreciation Tax Differential View Tax Differential View of Dividend Policy Tax Equity And Fiscal Responsibility Act of 1982 Tax Equity and Fiscal Responsibility Act of 1983 tax evasion Tax Exempt	Tax avoidance and tax evasion Tax avoidance and tax evasion Tax avoidance and tax evasion Tax Aware Management Addressing Risk Asset Allocation and Cost tax base tax base tax base tax base tax base Tax Bases Tax Bases Tax basis Tax basis Tax basis Tax basis Tax basis tax benefit Tax Benefit Reference Manual Tax Benefit Rule tax bill Tax Board of Review Tax bond Tax bond Tax bond Tax bond Tax bond Tax Book Tax books tax boost tax bounty hunter tax bracket Tax brackets Tax brackets Tax brackets Tax brackets Tax brackets tax break tax break tax breaks tax breaks Tax cart Tax Centers of America Tax certificate Tax certificate Tax clawback agreement Tax Clearance Certificate Tax clientele Tax code Tax Collected At Source tax collection tax collection tax collector tax collector Tax collectors Tax collectors Tax Compliance Management Program Tax Concessions Tax Corporate Model tax costs Tax Council Policy Institute Tax Counseling for the Elderly

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After-Tax Basis
Bracket Creep
Bracket Indexation
Capital Gains Tax
Capital Gains Treatment
Corporate Equivalent Yield
Equivalent Taxable Yield
Filing Status
Graduated Flat Tax
Job Creation and Worker Assistance Act of 2002
Jobs And Growth Tax Relief Reconciliation Act of 2003
marginal tax rate
Marriage Penalty
Omnibus Budget Reconciliation Act of 1993
Overwithholding
Tax-Equivalent Income
Taxable Equivalent Yield
Underwithholding
Yield Ratio

Income tax brackets next year will be raised, as accumulated increase of consumer price index (CPI) may top 3% since the last increase of the brackets in 2008, according to the revision of Income Tax Law passed by the Legislative Yuan in April this year.

Personal income tax to drop considerably next year by The Taiwan Economic News

CO emissions with the new engine fall to 145g/km, which leaves it in the same pounds 125-a-year tax bracket as the more powerful version.

New diesel extends Cruze range by Daily Post (Liverpool, England)

CO emissions with the new engine fall to 145g/km which leaves it in the same pounds 125 a year tax bracket as the more powerful version.

Chevrolet's Cruze delivers diesel economy boost by South Wales Echo (Cardiff, Wales)

Taux des fonds federaux

Taux interbancaire

Taux interbancaire offert

Taux interne de rentabilite

Taux plafond

Tax Abatement

Tax accounting