tax bracket in English
The basic idea is that you are not taxed on the funds until you withdraw, at which point you are taxed at the rate of your income tax bracket .
Use "tax bracket" in a sentence
1. A tax Bracket is the range of incomes taxed at given rates, which typically differ depending on filing status
2. 27 Bracket creep:a shift of personal income into a higher tax bracket when the taxable income increases OVER time.
3. 19 The academia put forward the adjustment of "nine grades excess progressive rates" in recent year, namely: "increase tax exemption, reduce tax bracket, reduce tax rate".
4. All articles I’ve read treat Conversions as a one time event, when for a large IRA, multiple Conversions may be beneficial to avoid a higher tax bracket.
5. The American Taxpayer Relief Act of 2012 made qualified dividends a permanent part of the tax code but added a 20% rate on income in the new, highest tax bracket.