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tax rate
(redirected from Statutory rate)

    Also found in: Legal, Wikipedia 0.04 sec.
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.
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 percentage used to calculate various taxes.



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