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Definitions from WordNet
Noun tax bracket has 1 sense
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Definitions from the WebTax BracketDescription: Tax bracket refers to the range of taxable income within which a taxpayer falls, determining the percentage of their income that they are required to pay in taxes. It is an essential concept in understanding the progressive tax system in many countries. Sense 1: Noun - Categorization of Income for Taxation Example sentence: In the United States, there are seven tax brackets based on income levels, with higher earners placed in higher tax brackets. Sense 2: Noun - Individual Taxation Level Example sentence: John moved to a higher tax bracket this year due to his promotion and increase in salary. Sense 3: Noun - Corporate Tax Classification Example sentence: Large corporations often strategize their financial planning to stay within a lower tax bracket. Sense 4: Verb - The Act of Assigning into a Tax Bracket Example sentence: The accountant carefully tax brackets the company's profits in order to minimize tax liabilities. Sense 5: Adjective - Popular or Widely Known for Tax Purposes Example sentence: The tax software offers an easy-to-use interface, making it a tax bracket choice among individuals and small businesses. Related Products: - Tax Planning Books - Income Tax Software - Tax Attorney Services - Tax Deduction Guides | ||||
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