Income Tax Bracket

An Income Tax Bracket is a organizational rule of a non-flat tax code, such as a progressive tax code.

• See: Property Tax.

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References

2013

• http://en.wikipedia.org/wiki/Tax_bracket
  • Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income — income past a certain point will be taxed at a higher rate.

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