Tax Bracket

Tax Bracket

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.

Read more about Tax Bracket:  Example, Tax Brackets in Canada, Tax Brackets in Malta, Tax Brackets in New Zealand, Tax Brackets in South Africa, Tax Brackets in Switzerland, Tax Brackets in The United States

Famous quotes containing the word tax:

    “I find nothing healthful or exalting in the smooth conventions of society. I do not like the close air of saloons. I begin to suspect myself to be a prisoner, though treated with all this courtesy and luxury. I pay a destructive tax in my conformity.”
    —Ralph Waldo Emerson (1803–1882)