Definition of tax bracket noun from the Oxford Advanced Learner's Dictionary


tax bracket

BrE BrE//ˈtæks brækɪt//
; NAmE NAmE//ˈtæks brækɪt//
(British English also tax band)
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a range of different incomes on which the same rate of tax must be paid There are now only two tax brackets—22% and 40%.
See the Oxford Advanced American Dictionary entry: tax bracket