Definition of tax bracket in English:

tax bracket

noun

Economics
  • A range of incomes taxed at a given rate.

    • ‘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.’
    • ‘During World War II, policy makers pushed the income tax downward but also raised the top tax bracket, this time to 94%.’
    • ‘From an economic point of view, only the marginal income is relevant, that is the income in the highest tax bracket.’
    • ‘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.’

Pronunciation:

tax bracket

/taks ˈbrakət/