income bracket
Tax rate category
An income bracket is a range of earnings used to classify people for tax rates or statistical purposes: Households in the lowest income bracket pay no federal tax.
Tax systems apply different rates to different brackets, so moving into a higher bracket means a portion of income is taxed at a higher rate.
The term also appears in discussions of economic class and consumer demographics.
Fixed periodic employment payment
- wagesPayment for work
- compensationPayment for services rendered
- remunerationPayment for work done
- take-home payEarnings after withholdings
paycheck · hourly wage · per capita · pension · benefits · commission · bonus · overtime
Horizontal structural layer
- categoryA class of things
- quintileOne of five equal groups
- percentileStatistical ranking threshold
- decileTen-part statistical division
grouping · segment · range · threshold · cutoff · stratum · division · ranking
Unequal distribution of resources
- gapUnfilled space between
- divideSeparate into parts
- stratificationDivision into distinct levels
- polarizationSeparation into opposing extremes
imbalance · inequity · disproportionality · wealth gap · wage gap · mobility · opportunity · disadvantage
Grouping by shared traits
- statusOne's relative position
- hierarchyRanked authority structure
- blue-collarManual labor workforce
- white-collarOffice work designation
middle-class · upper-class · lower-class · working-class · affluent · poverty · subsistence · comfortable
Government's claimed share
- progressiveFavoring reform and innovation
- regressiveReverting to earlier stages
- filing statusIRS household classification
- deductionsConclusions from reasoning
exemptions · credits · withholding · W-2 · 1040 · IRS · standard deduction · itemize
salary
Fixed periodic employment payment
- wagesPayment for work
- compensationPayment for services rendered
- remunerationPayment for work done
take-home pay · paycheck · hourly wage · per capita · pension · benefits · commission · bonus · overtime · self-employment
tier
Horizontal structural layer
- categoryA class of things
- quintileOne of five equal groups
- percentileStatistical ranking threshold
decile · grouping · segment · range · threshold · cutoff · stratum · division · ranking · band
inequality
Unequal distribution of resources
- gapUnfilled space between
- divideSeparate into parts
- stratificationDivision into distinct levels
polarization · imbalance · inequity · disproportionality · wealth gap · wage gap · mobility · opportunity · disadvantage · marginalization
class
Grouping by shared traits
- statusOne's relative position
- hierarchyRanked authority structure
- blue-collarManual labor workforce
white-collar · middle-class · upper-class · lower-class · working-class · affluent · poverty · subsistence · comfortable · wealthy
tax rate
Government's claimed share
- progressiveFavoring reform and innovation
- regressiveReverting to earlier stages
- filing statusIRS household classification
deductions · exemptions · credits · withholding · W-2 · 1040 · IRS · standard deduction · itemize · refund
- identityidentity, personal identity, self, selfhood, self-expression
- incomesalary, earnings, wages, pay, net earnings
- social classupper class, middle class, lower class, working class, social class
- taxationtax, sales tax, tax return, tax refund, tax code
- Wealth Classespoor, rich, wealthy, affluent, millionaires
- demographicspopulation density, population growth, age distribution, population, gender ratio
income bracketfixed amount
dollar amount · asset class · social class · tax bracket · lump sum
income bracketpoverty level
Minimum income standard
upper class · lower class · the one percent · the poor · subsistence level
income, bracket, unearned income, brackets, incomes, bracketed, net income, gross income, tax bracket