income bracket

An income bracket is a category of people whose income falls within defined upper and lower levels.{{cite web|last=Frankenfield |first=Jake |url=https://www.investopedia.com/financial-edge/0912/which-income-class-are-you.aspx |title=Which Income Class Are You? |publisher=Investopedia |date=2019-11-20 |access-date=2020-05-24}}{{Cite web|url=https://www.visualcapitalist.com/composition-of-wealth/|title=How the Composition of Wealth Differs, from the Middle Class to the Top 1%|first=Nick|last=Routley|date=May 8, 2019|website=Visual Capitalist}}

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|date=May 2020}}