tax bracket
- noun
- /tæks ˈbrækɪt/
- Specialized
- If your income increases significantly, you may find yourself in a higher tax bracket.
- income tax bracket
- percent tax bracket
- higher tax bracket
We exist in all spaces in all tax brackets.
- We exist in all spaces in all tax brackets.
- So I think a general rule of thumb that I have learned is just do not enter that tax bracket.
- So it's two different tax brackets here that's going on.
- Are they going to have to pay a crazy new tax bracket because the house is valued at a different like how's that work?
- That's on top of the income tax bracket that I'm already going to pay tax on.
Examples
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Consumers in the lowest tax brackets are more likely to experience daily challenges in meeting their basic household expenses.
Academic text (2009) -
For taxpayers in the 15 percent income tax bracket, the maximum rate on long-term capital gains is 10 percent.
Academic text (1997) -
We're not in the same tax bracket as your other patients.
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- I think I just went into a higher tax bracket, buddy.
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But if you are in a lower tax bracket this year, now is the time to do the transaction.
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Any dollar after that moves you to the next tax bracket of 25%.
Blog text (8) -
You're in a new tax bracket.
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It would only put me in a higher tax bracket.
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If you make 100,000 dollars, your federal tax bracket would be 28%.
Blog text (27) -
Individuals in the 10 percent or 15 percent tax brackets are taxed on capital gains at only 5 percent.
Academic text (2003)
Synonyms
A group of people with similar income or age
A group of people who earn about the same amount of money for tax or benefit rules
A group that sets the tax rate people pay based on yearly earnings
Surface Forms
Morphology
The meaning 'a range of incomes taxed at a particular rate' is directly and compositionally derived from 'tax' (government charge on income) + 'bracket' (a range or class). This is a common, cross-linguistically recurring noun + noun compound pattern describing a category by attribute, so a B1 learner who knows both constituents can readily infer the MWE's meaning.
Etymology
The noun tax bracket may come from the image of a bracket as a fixed mark or holder that shows a space for items, with tax naming what goes in that space. So a tax bracket is like a labeled box holding a range of incomes that are 'taxed' at the same 'rate', and that picture explains the phrase's meaning today.