# tax rate

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Related to Marginal rate: Marginal rate of substitution, Marginal rate of technical substitution, Marginal Rate of Transformation, Marginal tax rate

## Tax rate

The percentage of tax paid for different levels of income.

## Tax Rate

A percentage of one's income that one must pay in taxes. Tax rates vary according to incomes. That is, one who makes \$100,000 per year usually has a higher tax rate than one who makes \$25,000. See also: Marginal tax rate, Average tax rate.

## 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.

## tax rate

the percentage rate at which a TAX is levied on income or expenditure. Tax rates are varied by government on social grounds (to redistribute income) and, as part of FISCAL POLICY, to increase or decrease spending.

## tax rate

The percentage used to calculate various taxes.

References in periodicals archive ?
For the simple linear technology in (2), the marginal rate of transformation between any two goods indexed by [z.
First, a marginal rate of 47 cents in the dollar necessarily applies only to dollars earned over the threshold.
The rise in rates continued through the New Deal and culminated during World War II, when the top marginal rate reached 94% (in 1944-1945).
If the taxpayers are in a 28 percent or higher marginal rate, the gain will be taxed at 25 percent.
The pattern for these NAV schedules is, in general, (weakly) monotonically decreasing in the marginal rate paid on increasing levels of NAV.
Finally, the treatment giving higher marginal rate of return was recommended.
Even if the tax-deferred investor immediately withdrew the entire amount and paid taxes on it at 31% (the current marginal rate for that amount of income), she would still have \$63,152-some 47% more.
For example, in an economy with Samuelsonian public goods (see Samuelson, 1954), Pareto optimality requires that the sum of the marginal rates of substitution of public for private goods be equal to the marginal rate of transformation of public for private goods, thereby implying that marginal rates of substitution of public for private goods will not be equal among consumers.
The Riksbank's marginal rate, which was lowered to 12.
a) Earnings for fiscal year 1994 will be taxed at a marginal rate of 35 percent, up from 34 percent.

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