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What is a tax bracket? in your own words. ​
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40 votes
What is a tax bracket? in your own words. ​

User Shyam Prasad
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1 Answer

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21 votes

Answer:

Your tax bracket, roughly speaking, is the tax rate you pay on your highest dollar of taxable income. It is not the tax rate you pay on all of your income after adjustments, deductions, and exemptions.

Step-by-step explanation:

Your tax bracket, roughly speaking, is the tax rate you pay on your highest dollar of taxable income. It is not the tax rate you pay on all of your income after adjustments, deductions, and exemptions.

User Miroslav Zadravec
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