What is the meaning of Tax Bracket?

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.

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APABarry Goldsmith. (2010). tax bracket. Retrieved September 23, 2026, from http://smartdefine.org/tax_bracket/definitions/1164873
ChicagoBarry Goldsmith. 2010. "tax bracket" http://smartdefine.org/tax_bracket/definitions/1164873 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, tax bracket, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/tax_bracket/definitions/1164873>.
MLABarry Goldsmith. "tax bracket" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/tax_bracket/definitions/1164873>
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