The level of income tax of a given individual, as indicated by the amount of...
The category into which you fall for federal income tax purposes based on the tax rate that would apply to your next dollar of income. Under a progressive tax system, increases in taxable income generally put the taxpayer in a higher tax bracket with higher income tax rates. Under current federal tax law, there are five tax brackets for individuals: 15%, 28%, 31%, 36%, and 39.6%.
Schedule of income tax with various percentage rates depending on amount.
The level into which an individual's tax obligation falls, determined by the amount of his or her taxable income. In general, the higher your level of income is, the higher your tax bracket will be.
Please select the tax bracket you fall under. If you are unsure what tax bracket you are in, you may want to speak with an accountant find out.
The percentage of tax obligation for a particular taxable income.
The particular rate at which a level of income is taxed.
a category of taxpayers based on the amount of their income
a preset group of incomes that are used to determine what a tax rate is
a range of income which must pay a certain level of taxes
In the federal government's tax system, taxpayers pay different amounts of income tax based on their income level. The percentage you pay increases as your income goes up. These percentages are called "tax brackets."
The rate of tax paid within a specific income range. The rate generally increases as the amount of income increases.
The marginal rate of taxation set by the IRS for income taxes. The percentage of each additional dollar of income required to be paid as income tax.
Although income tax is paid by most wage or income earners, the rate of income tax paid increases as income exceeds certain amounts, called brackets.
a range of income levels subject to marginal tax at the same rate.
Your income is not all taxed at one rate. It is partially taxed in each of the tax brackets up to the highest bracket in which your taxable income falls. The applicable income ranges for these tax brackets differ depending on your filing status, but the percentages are the same.
The range of taxable income that is taxed at a certain rate. Brackets are expressed by their marginal rate.
The rate at which income at a particular level is taxed.
Typically the marginal tax rate you pay on your last dollar earned.
Marginal rate for income taxes; the percentage of each additional dollar in income required to be paid as income taxes.
See Marginal Tax Bracket.
The rate at which an individual is taxed due to a particular income level.
Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income — income past a certain point will be taxed at a higher rate.