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tax rate
(redirected from Effective rates)

   Also found in: Legal, Wikipedia 0.03 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.

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Because of very low effective rates of taxation on locations, generally, the owners enjoy a net imputed or actual rent as an income stream associated with landownership.
44 in the October-December quarter, but Boyd said effective rates were lower as landlords were still throwing in sweeteners such as six months of free rent to draw tenants.
The reduction in the overall marginal rates and the lowering of the effective rates for married taxpayers create a general rule for the use of the NOLs--an NOL should be used against income taxed at the highest marginal rate.
 
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