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Finance Dictionary and Glossary of Investment Terms
tax bracket
Definition 1.
The level of income tax of a given individual, as indicated by the amount of taxes he/she pays on his/her final dollar of taxable income. also called marginal tax bracket or tax rate.
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Definition 2.
The percentage of tax obligation for a particular taxable income.
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Definition 3.
The rate at which an individual is taxed due to a particular income level.
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