Tax Bracket

Tax Brackets

In the United States, the IRS uses a progressive tax system that subjects income to a tax rate. The system enables income taxation according to earnings—the higher the earnings, the higher rate, and the lower the earnings the lower the rate. 

As of 2021, the tax bracket in the United States ranges from 10% to 37%. The tax bracket rate is decided based on the status and earnings of the filer. The categories of tax filers are, the single filer, married joint filer, married separate filers, and the category for household heads.