income bracket


Also found in: Thesaurus, Wikipedia.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.income bracket - a category of taxpayers based on the amount of their income
bracket - a category falling within certain defined limits
References in periodicals archive ?
It is based on a panel study between 2007 and 2015, which calculated the probability of households in each income bracket moving to the other brackets.
For a family with two children this would be a gain of around PS536 per year - and across all families in this income bracket this could potentially mean a saving on child benefit charges of PS171 million per year.
are more likely to be victims of firearm violence than white people, no matter their income bracket, according to a new study.
org/fact-tank/2016/05/11/are-you-in-the-american-middle-class/) online calculator to help users figure out whether they fall in the middle income bracket.
Right now, some minimum wage earners admit not wanting to move beyond the minimum wage for fear of losing their income tax exemption so they would rather remain in the low income bracket and enjoy the exemption,' he said.
The amendments also included providing mortgage financing to a new income bracket under the name "average distinctive income", at an annual decreasing yield of 10.
The income bracket representing the largest amount of the population earns between $25,000 and $50,000 a year.
The Philippines slaps the highest tax rate for an income bracket of P250,000 - the average annual income of a call center agent - of 25 percent compared with those in Indonesia, 15 percent; Thailand, 10 percent; Thailand, 2 percent and Singapore, tax-free.
Personal income taxes will be raised by one per cent for every income bracket except for the lowest, but Moody's points out that this might not have a very significant impact: "since personal income tax brackets will be lowered and permissible medical credits increased to account for fiscal drag, or the impact of past inflation pushing individuals into higher tax brackets, the revenue increase from income taxes will be zero in net terms.
For senior citizens in this income bracket, savings would be a little lower at ` 21,630.
9 percent of total income among those in the $200,000 to $1 million income bracket
that your effective rate of tax is lower than the average for people in your income bracket.