income tax bracket


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Synonyms for income tax bracket

a category of taxpayers based on the amount of their income

References in periodicals archive ?
The portfolio manager may very well assume this individual is in the highest income tax bracket, even though the tax return reports minimal or even no taxable income.
Capital gains taxes, which are currently tied to income tax brackets, are not mentioned--leading to the assumption that the current rates (0%, 15% and 20%) will remain untouched.
A[cedilla] Reserve the highest income tax bracket for people whose gross incomes exceed 40,000 euros a year and make them pay 45 percent.
Julie puts the same after-tax amount away but because she is taking advantage of a salary reduction option in a retirement saving plan (and therefore the dollars go into her account pre-tax), her $5,000 after-tax commitment equals $7,692 on a pre-tax basis (assuming she's in the 35% overall income tax bracket).
But this increase applies only if you fall within the highest income tax bracket ($400,000/$450,000 and up).
The telco's results were further weakened a new income tax bracket of 20% imposed earlier in the tear by the government, compared to 7.5% the year before.
Ian Bartholomew, senior mortgage manager at First Direct, says: Offset mortgages used to be seen as complicated and, when they were launched in the 1990s, only 5% of Britons found themselves in the higher rate income tax bracket and able to benefit from the tax efficiency an offset mortgage offers.
They also warned that some 1.3million people could be forced on to the 40p income tax bracket as a result of the Budget after Osborne reduced the threshold to pounds 41,450 from April next year.
In April 2010 the Government introduced the 50 per cent income tax bracket. This affects 310,000 people whose income in excess of pounds 150,000 per annum who will find what they earn being taxed at the new 50 per cent level.
Whether or not conversion makes financial sense will also depend on your client's marginal income tax bracket--calculated not at the time of conversion but on October 15th of the year following conversion--and what the taxpayer's projected marginal income tax bracket will be when distributions are ultimately received.
The Government has admitted the number of people in the region falling into the 40% income tax bracket will rise from 80,000 to 100,000 tomorrow - the start of the new tax year.
For taxpayers in the 25% income tax bracket and higher), the maximum rate on qualified dividends paid by corporations to individuals is 15% in 2003 through 2010.
THE BAD NEWS IS CURRENT ECONOMIC FORECASTS SHOW THE MINIMUM WAGE WILL SOON BE THE HIGHEST INCOME TAX BRACKET.