Meaning of “tax bracket” in the English Dictionary

business-english dictionary

"tax bracket" in Business English

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tax bracketnoun [ C ]

uk us 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.

(Definition of “tax bracket” from the Cambridge Business English Dictionary © Cambridge University Press)