tax brackets

tax brackets
determination of tax percentages that a person must pay according to his yearly income

English contemporary dictionary. 2014.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • tax brackets updating — change in the ranking of income used to determine tax percentages …   English contemporary dictionary

  • Federal Tax Brackets — Income tax groupings specified by the Internal Revenue Service (IRS) that determine at what rate an individual, trust, or corporation s annual income will be subject to federal income tax. Federal tax brackets are adjusted periodically to account …   Investment dictionary

  • 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 mdash; income past a certain… …   Wikipedia

  • tax band — ˈtax bracket f45 [tax bracket] (BrE also ˈtax band) noun 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% …   Useful english dictionary

  • Tax Bracket — The rate at which an individual is taxed. Tax brackets are set based on income levels; individuals with lower income levels are taxed at a lower rate than individuals with higher income levels. Tax brackets serve as cutoff points for given income …   Investment dictionary

  • Tax rate — For a type of taxation system in the United Kingdom and elsewhere, see Rates (tax). Taxation An aspect of fiscal policy …   Wikipedia

  • tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …   Black's law dictionary

  • Tax Increase Prevention and Reconciliation Act of 2005 — The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, USPL|109|222, USStat|120|345) was enacted on May 17, 2006. This bill prevents several tax provisions from sunseting in the near future. The two most notable pieces of the bill… …   Wikipedia

  • Tax Reform Act of 1986 — The U.S. Congress passed the Tax Reform Act (TRA) of 1986, (USStatute|99|514|100|2085|1986|10|22) to simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences. Although often referred to as the… …   Wikipedia

  • tax system —    Spain s tax system is, from 1998, in the process of being reformed. The number of income tax brackets was reduced from eighteen in 1996 to ten in 1997, and a further reduction to six was proposed in 1998. Prior to these reforms, rates ranged… …   Encyclopedia of contemporary Spanish culture

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”