Tax-bracket sentence example

tax-bracket
  • Hypothetically, let's say you're in the 28 percent tax bracket and you have to withdraw $20,000 from your IRA in a specific year.
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  • How much you will save depends on your personal tax bracket.
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  • In some cases, giving up your job may even place you in a lower tax bracket and save money there as well.
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  • The advantage to the employee is that he or she will likely be in a lower tax bracket after retirement and will pay less in taxes than during his or her prime earning years.
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  • Multiply your income against the percentage of tax bracket to determine your total, yearly tax liability.
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