income tax bracket
1
4.0
- noun
- /ˈɪn.kʌm tæks ˈbræk.ɪt/
:
tramo impositivo
- The Economic Growth and Tax Relief Reconciliation Act of 2001 (there's another one of those titles) added a new 10 percent income tax bracket to apply to a portion of personal income that previously had been taxed at a rate of 15 percent.
- percent income tax bracket
That's on top of the income tax bracket that I'm already going to pay tax on.
- That's on top of the income tax bracket that I'm already going to pay tax on.
Examples
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The size of individual income tax brackets, personal exemptions, and the standard deduction are tied to movements in the CPI.
Blog text (8) -
As a result, starting this year, the four highest income tax brackets will be 25 percent, 28 percent, 33 percent, and 35 percent (down from 27 percent, 30 percent, 35 percent, and 38.6 percent).
Academic text (2003) -
If that happens to be when you have already retired, your income tax bracket will probably be a lot lower than it is now.
Blog text (19) -
Let's break down the tax changes, focusing on income tax brackets.
Blog text (25) -
For instance, you probably have a very good idea of which income tax bracket you fall into because of your income level, because it's very easy to find out.
Blog text (9) -
If you're in the 30% income tax bracket and pay an effective rate close to that, you are very unusual.
Blog text (17) -
For taxpayers in the 15 percent income tax bracket, the maximum rate on long-term capital gains is 10 percent.
Academic text (1997) -
Minnesota Governor Dayton's budget does not index the 10.95% income tax bracket for inflation.
Blog text (21) -
The general maximum rate will be 18 percent (8 percent for taxpayers in the 15 percent income tax bracket) for the sale of qualifying assets purchased on Jan. 1, 2001, or later, and held by the taxpayer for more than five years.
Academic text (1997) -
Currently, in this country, the top income tax bracket is 35 percent.
Synonyms
56
3.9
A group of people with similar income or age
15
3.6
A range of income taxed at one rate
8
3.5
A group of people who earn about the same amount of money for tax or benefit rules
Surface Forms
Morphology
The meaning is directly derivable from the parts: 'income tax' (a tax on earnings) combined with 'bracket' (a range or category) yields a category defining tax rates by earnings. This is a transparent compounding pattern that is common cross-linguistically, so a B1 learner who knows the constituent words would readily infer the MWE's meaning.
Etymology
Income tax bracket comes from the idea of putting a person's income into different labeled brackets, like boxes or steps on a ladder. As your money goes up you move into a higher bracket and pay a higher 'tax' rate, so it means the category that decides how much tax you pay.