tax brackets
Tax brackets refer to the different income ranges that determine the rate at which individuals and businesses are taxed within a progressive tax system. These brackets help determine the percentage of income that must be paid in taxes, with higher income levels typically subject to higher tax rates.
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Related Concepts (18)
- capital gains tax
- capital gains tax reforms
- dividend taxes
- earned income tax credit (eitc)
- estate and inheritance taxes
- flat tax
- flat tax reforms
- individual income tax reforms
- personal income taxes
- progressive tax system
- progressive taxation
- progressivity of tax reforms
- regressive taxation
- sales tax reforms
- tax code simplification reforms
- tax cuts
- tax policies
- taxation