Tax bracket

Tax bracket

Tax bracket is the maximum rate at which a portion of a person's taxable income would be taxed. Unless otherwise indicated, the term tax bracket refers to the sum of rates for federal, state and local taxes.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Real estate investment
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tax bracket

Financial services; Real estate investment

Tax bracket is the maximum rate at which a portion of a person's taxable income would be taxed. Unless otherwise indicated, the term ''tax bracket'' refers to the sum of rates for ...

tax bracket

Legal services; General law

A categorized level of income subject to a particular tax rate under federal or state law.

tax bracket

Financial services; General Finance

The percentage of tax obligation for a particular taxable income.

tax bracket

Law; General law

A specified interval of income to which a specific tax rate is applied. For example, to income between X and Y dollars, a tax rate of Z percent is applied.

bracket

Automotive; Automobile

A support device which is often a right-angled shape.

bracket

Building materials; Brackets

A rigid, supportive structure in the shape of an L. It can be made out of wood, metal or stone.

accelerated cost recovery system (ACRS)

Financial services; Real estate investment

Before 1981, assets used for the production of income were depreciable if they were subject to wear and tear or decline due to natural causes or obsolescence. Assets that did not ...

accelerated depreciation

Financial services; Real estate investment

Accelerated depreciation is a method of depreciation in which larger deductions are taken earlier in the life of the asset than with the straight-line method. Examples include the ...

account

Financial services; Real estate investment

An account is a written record of a business transaction expressed in money and kept in a ledger.

accounting principles

Financial services; Real estate investment

Accounting principles refer to an accounting doctrine that explains current practices and is a guide for the selection of accounting conventions or procedures when alternatives ...

accrued depreciation

Financial services; Real estate investment

Accrued depreciation is the difference between the cost of replacing new property and the present market value of the property.

active income

Financial services; Real estate investment

Active income is all taxable income of a taxpayer except income from a passive activity and portfolio income. Passive activity is something in which the taxpayer does not actively ...

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