What Is Tax Bracket?
From the SB Advisors Academy money glossary · Free, no signup
The rate at which your income is taxed, applied progressively, meaning different portions of your income are taxed at different rates, not all at one rate.
A worked example
Being in the 22% bracket does not mean all your income is taxed at 22%. Only the income above the lower bracket threshold is taxed at that rate.
Category
Part of the "Taxes" group in the money glossary.