Sentences with phrase «gradual tax schedule»

While it is the goal of many taxpayers to keep their income in the lower tax bracket, remember that the gradual tax schedule ensures that not all of your income is taxed at a higher rate.

The marginal income tax rate system is known as a «gradual tax schedule.»

The marginal tax bracket system is a gradual tax schedule, which basically translates to this: as you make more money, you pay more tax.