Effectively no household making less than $28,000 will pay federal income tax – usually about 15% of the bottom income quintile has some tax liability.
Source: wiktionary
Quintile
Synonyms for "quintile" (1 found)
Ranked by relevance and common usage.
Closest matches (1)
Noun(1 words)
Translations
3 translations across 3 languages.
Finnish
1 entries- kvintiili noun (value)
Portuguese
1 entries- quintil noun (value)
Spanish
1 entries- quintil noun (value)
Sample sentences
2 total sentences available.
“It’s well known that the lowest income consumer is really struggling with inflation, but from a purely economic standpoint, it is the higher quintiles of earners that do the most spending,” Nanette Abuhoff Jacobson, global investment strategist at Hartford Funds, told CNN.
Source: wiktionary