tax bracket Synonyms
No Synonyms and anytonyms found
tax bracket Meaning
Wordnet
tax bracket (n)
a category of taxpayers based on the amount of their income
tax bracket Sentence Examples
- 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.
- 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.
- Many taxpayers find it beneficial to adjust their income to avoid moving into a higher tax bracket.
- Some tax brackets have a wider range of income levels than others, resulting in varying tax rates.
- The tax bracket for businesses is based on their taxable income and industry classification.
- It is important to understand your tax bracket to ensure you are paying the correct amount of taxes.
- The threshold for each tax bracket is adjusted periodically to account for inflation and economic changes.
- 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
a category of taxpayers based on the amount of their income
No synonyms found.
No antonyms found.
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.
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.
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