An income bracket is a category of people whose income falls within defined upper and lower levels.
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.
- ^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.