What are taxable brackets?
Tax bracket. A tax bracket is a range of income that is taxed at a specific rate. In the United States there are six brackets, taxed at 10%, 15%, 25%, 28%, 33%, and 35% of the amount that falls into each bracket. For example, if your taxable income was high enough to cross three brackets, you'd pay tax at the 10% rate on income in...
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