taxes
tax bracket
A range of incomes taxed at a particular rate under a progressive tax system.
Example
"Getting a raise pushed him into a higher tax bracket, but only the income above the threshold was taxed at the higher rate."
💡 Memory Tip
A BRACKET holds things in a range. Your tax bracket is the range your income falls into for tax purposes.
Etymology
Tax (a compulsory payment to government) + bracket (a category or range) — the category of your tax rate.
Common Misspellings
tax bracettax brackitttax brackedtax brackket
See Also
income taxmarginal tax rateprogressive taxdeduction