One of the mysteries of the English language finally explained.
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.’
- ‘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.’
- ‘During World War II, policy makers pushed the income tax downward but also raised the top tax bracket, this time to 94%.’
- ‘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.’
- ‘It assumes a lower tax bracket upon retirement or that taxes will not go up.’
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