Tax bracket
Term · Law · MLC-T-LAW-004838
A range of income subject to a specific tax rate within a progressive tax system. As an individual's taxable income increases, portions of that income fall into higher tax brackets, incurring higher marginal tax rates. The U.S. federal income tax system uses multiple tax brackets.
| Identifier | MLC-T-LAW-004838 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004838",
"term": "Tax bracket",
"field": "Law",
"definition": "A range of income subject to a specific tax rate within a progressive tax system. As an individual's taxable income increases, portions of that income fall into higher tax brackets, incurring higher marginal tax rates. The U.S. federal income tax system uses multiple tax brackets.",
"url": "https://mlchart.com/terminology/law/tax-bracket/"
}
Record 4,937 of 5,441 in Law terminology (MLC-0107). Request the full dataset.