zero bracket amount

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Financial Dictionary

zero bracket amount

A largely outdated reference to the standard deduction.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: ze·ro brack·et amount
Function: noun
: a deduction from gross income that was permitted for federal taxpayers and reflected in tax tables until its replacement by the standard deduction in 1986

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