An income bracket is a category of people whose income falls within defined upper and lower levels.[1][2]
In governmental planning, entire populations are divided into income brackets. These brackets are used to categorize demographic data as well as determine levels of taxation and welfare benefits.[citation needed]
See also
editReferences
edit- ^ Frankenfield, Jake (2019-11-20). "Which Income Class Are You?". Investopedia. Retrieved 2020-05-24.
- ^ Routley, Nick (May 8, 2019). "How the Composition of Wealth Differs, from the Middle Class to the Top 1%". Visual Capitalist.
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