tax bracket

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Related to Tax brackets: head of household, Tax deductions
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Noun1.tax bracket - a category of taxpayers based on the amount of their income
bracket - a category falling within certain defined limits
References in periodicals archive ?
With regard to the schedular excise-tax rates, the TRAIN law modified both the tax brackets and tax rates.
However, it is difficult to ascertain since we don't know what future tax brackets will be.
The Franchise Tax Board published the 2016 state tax brackets, which are annually adjusted for inflation.
This may have made sense in 1986, when the income tax brackets were last set.
Tax Code has required that federal income tax brackets be adjusted for inflation annually, and inflation adjustments have been inserted into the Internal Revenue Code in recent years with increasing frequency.
The income tax brackets for trusts are much smaller than those for individuals, so that higher tax brackets are reached more quickly.
It includes different tax brackets, exemption numbers (2, 4, and 6), and two distinct assumed itemized deduction amounts ($10,000 and $8,000) that are below the standard deduction amount ($12,400).
The government has existing seven tax brackets of 5, 10, 15, 20, 25, 30 and 32 percent tax rates for different taxable income brackets.
One especially useful tax planning strategy for trustees of irrevocable trusts is to make distributions to trust beneficiaries who are in lower income tax brackets.
Caution: Under the Jobs and Growth Tax Relief Reconciliation Act of 2003 (2003 Tax Act) and the Tax Increase Prevention and Reconciliation Act of 2005, long-term capital gains tax rates are 15% for taxpayers in brackets higher than 15%, and 0% (in 2008-2010) for taxpayers in the 15 or 10% tax brackets.