Social:Income bracket: Difference between revisions
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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
- Tax bracket
- Salary packaging
References
- ↑ Frankenfield, Jake (2019-11-20). "Which Income Class Are You?". Investopedia. https://www.investopedia.com/financial-edge/0912/which-income-class-are-you.aspx.
- ↑ Routley, Nick (May 8, 2019). "How the Composition of Wealth Differs, from the Middle Class to the Top 1%". https://www.visualcapitalist.com/composition-of-wealth/.
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