Tax Bracket

About Tax Bracket:

Each tax bracket in the United States encompasses a certain amount of income to be taxed at a set rate. The tax rates in 2010 did run from 10% to 35%. Taxpayers are said to be in the 25% bracket if their highest dollar of income falls in that bracket. If taxpayers are in the 25% bracket, part of their income is taxed at the 10% rate and some at 15%.

See average tax rate, marginal tax bracket.

See Tax Bracket and Tax Bracket.

See Tax Rate and Tax Rate.

Description and Definition of Tax Bracket

The tax brackets are 15%, 28% 31%, 36% and 39.6%. Your tax bracket is the percentage that you pay on your highest dollar on income. Even if you're in the 31% bracket part of your income is taxed at the 28% and 15% rates.

Resources

See Also

Further Reading

• Tax Bracket in the West's Tax Law Dictionary
• Tax Bracket in “A Dictionary of Taxation”