Question

What’s the purpose of income tax brackets

Answer 1

Answer:

Your tax bracket only determines your individual income tax rates for each additional dollar of income. We have federal tax brackets in the U.S. because we have a progressive income tax system. That means the higher your income level, the higher a tax rate you pay.

Answer 2

Answer:

In addition, tax deductions are important factors in determining in which tax bracket a taxpayer ends up, because deductions lower taxable income, and taxable income is what is actually taxed. Please give me the brainliest answer?

:) Hoped this helped!!! Have a good day!!! <3