tax bracket Antonyms

No Synonyms and anytonyms found

Meaning of tax bracket

Wordnet

tax bracket (n)

a category of taxpayers based on the amount of their income

tax bracket Sentence Examples

1. The new tax bracket will significantly reduce the tax burden on low-income earners.
2. The highest earners fall into a tax bracket that requires them to pay a higher percentage of their income in taxes.
3. Individuals in a specific tax bracket are subject to different tax rates on their income.
4. The government has proposed a new tax bracket that would create a more progressive tax system.
5. Many taxpayers find it beneficial to adjust their income to avoid moving into a higher tax bracket.
6. Some tax brackets have a wider range of income levels than others, resulting in varying tax rates.
7. The tax bracket for businesses is based on their taxable income and industry classification.
8. It is important to understand your tax bracket to ensure you are paying the correct amount of taxes.
9. The threshold for each tax bracket is adjusted periodically to account for inflation and economic changes.
10. The progressive tax system means that as income increases, the tax bracket also increases, resulting in higher tax payments.

FAQs About the word tax bracket

What is the meaning of the word tax bracket

a category of taxpayers based on the amount of their income

What are the synonyms of the word tax bracket

No synonyms found.

What are the antonyms of the word tax bracket

No antonyms found.

What is the usage of word tax bracket

The new tax bracket will significantly reduce the tax burden on low-income earners.

The highest earners fall into a tax bracket that requires them to pay a higher percentage of their income in taxes.

How to use the word tax bracket in a sentence?

Individuals in a specific tax bracket are subject to different tax rates on their income.

The government has proposed a new tax bracket that would create a more progressive tax system.