Printer Friendly
The Free Dictionary
1,018,286,883 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

tax rate
(redirected from Average rate)

   Also found in: Legal, Wikipedia 0.02 sec.
Tax Rate
1) The rate at which a business or person is taxed on income. Essentially the percent of income that goes towards taxes.

2) The rate of tax on good and services.

Notes:
1) For example, consider an individual with an income-tax rate of 30%. For every $100,000 that individual makes, $30,000 ($100,000 x 0.30) must be paid as tax.

There are three main types of tax rates: progressive, proportional and regressive.

2) For example, (as of 2005) in New York State the state tax rate is 4.25%. If you were to buy a $1000 television from a store, the total purchase price would be $1042.50, and the $42.50 in tax would go to the State of New York.


Tax rate
The percentage of tax paid for different levels of income.

tax rate
The proportional amount of taxes paid on a given income or the given dollar value of an asset. If the tax is calculated on the basis of total income, it is the average tax rate. If the tax is calculated only on extra units of income, the rate is the marginal tax rate.

?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
The market's RevPAR gain was supported by double-digit growth in average rate each month of the year, with the exception of December, causing year-end 2006 average rate to exceed the 2005 level by 13.
Indiana is 17 points off its average pace while Illinois is just one point below the five-year average rate as of July 2.
In the Valley, occupancy rates were highest in Canoga Park, with an average rate of 98.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.