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English definition of “tax bracket”

tax bracket

noun [C]
 
 
( also income tax bracket, also UK tax band) TAX
a range of similar incomes used to calculate the rate of income tax that people must pay: For investors who are in the 15% federal income tax bracket, the gains will be taxed at a maximum of 10%.high/low tax bracket If you're in the highest tax bracket, you may want to set aside funds in a tax-free account. the bottom/top tax bracket
(Definition of tax bracket from the Cambridge Business English Dictionary © Cambridge University Press)
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