What does income bracket mean?
Definitions for income bracket
in·come brack·et
This dictionary definitions page includes all the possible meanings, example usage and translations of the word income bracket.
Princeton's WordNet
income bracket, tax bracket, income tax bracketnoun
a category of taxpayers based on the amount of their income
Wikipedia
Income bracket
An income bracket is a category of people whose income falls within defined upper and lower levels.In governmental planning, entire populations are divided into income brackets. These brackets are used to categorize demographic data as well as determine levels of taxation and welfare benefits.
ChatGPT
income bracket
An income bracket refers to a range of income levels that are used to group individuals or households with similar financial income. These brackets are often established by statistical agencies, financial institutions, or tax authorities as a way to analyze economic data, determine the eligible income level for certain financial programs, or calculate the rate of tax that individuals or households should pay. The tax brackets often increase progressively with the increase in income.
Wikidata
Income bracket
Income bracket is the bandwidth from a basic wage towards all possible salary components and is used to give employees a career perspective and to give the employer the possibility to reward achievements.
Editors Contribution
income bracket
A range of income within specific defined numbers to create or assess eligibility for a specific form of unity government allowance, government payment, tax system, government support, government system or purpose.
The income bracket is specific for specific levels of tax application
Submitted by MaryC on February 7, 2021
Matched Categories
Numerology
Chaldean Numerology
The numerical value of income bracket in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of income bracket in Pythagorean Numerology is: 2
Translations for income bracket
From our Multilingual Translation Dictionary
- EinkommensgruppeGerman
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"income bracket." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/income+bracket>.
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