Definition of tax bracket in English:

tax bracket

noun

  • A range of incomes taxed at a given rate.

    • ‘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%.’
    • ‘If tax brackets were never changed, over the next century, real income gains would push every American into the top tax bracket, even those with the lowest income.’
    • ‘It assumes a lower tax bracket upon retirement or that taxes will not go up.’
    • ‘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.’

Pronunciation

tax bracket

/tæks ˈbrækət//taks ˈbrakət/