tax rate

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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 ?
The marginal tax rates remained high, even for people of quite modest incomes.
Another component of the tax shield which contributes to its uncertainty is the marginal tax rate and its volatility (hereafter also referred to as the tax rate risk).
Firms' marginal tax rate was computed as the effective tax rate.
From 1913 to 2002 the US marginal tax rate ranged from 7% in 1913-1915 to 94.
At that time, many upper-income taxpayers faced maximum marginal tax rates in the 50-70% range, accounting losses could be used to offset other income, and capital gains were preferentially taxed.
It is as yet an open question whether there are significant numbers of investors who face uncertainty regarding their marginal tax rates.
After all, the top bracket marginal tax rates were higher than at any time in the post-World War II (91.
Between 1981 and 1986, marginal tax rates were reduced across the board.
Koester and Kormendi's method of estimating marginal tax rates for individual
Even so, Naoki Oike, a vice-president at Salomon Brothers, said high marginal tax rates in Japan continue to create interest in off-shore investments.
Because mortgage interest is deductible from adjusted gross income in the computation of taxable income, this rise in marginal tax rates had the effect of reducing the after-tax cost of homeownership and thereby boosting housing demand.
KN asked 1,491 American adults to set personal and corporate marginal tax rates and federal spending levels across 28 categories covering most of the 2012 federal budget.