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 ?
Heywood says that lowering the statutory rate and eliminating many tax incentives and subsidies would broaden the tax base, which economists generally agree is a desirable ideal in any tax regime.
Deviations between effective rates of return and statutory rates are often related to
The statutory rate, introduced 17 months ago, is up from pounds 3.
For the past 13 years, the statutory rate of interest on underpayments has exceeded the rate of interest on overpayments by as much as 4.
His amendment would fix the so called "cram down" of interest rates applied to unpaid ad valorem taxes by applying the state and local statutory rate instead of the I.
Rather than determining an individual owner's tax bracket, a flat statutory rate would be required on the entity's quarterly income," Israeloff said.
The result is a difference between the statutory rate and the actual or effective rate paid by the business or its owners.
Deposits and Guarantees required: Deposits and guarantees Guarantees equal to 5 % of the Fictional Sum with a minimum of EUR 7000 to increase the statutory rate
Unison will hold events across the UK today on the 15th anniversary of the introduction of the national minimum wage, saying that the pay of local government workers has fallen by 18% in real terms since the statutory rate came into force.
Official figures revealed that the number of apprentices paid less than the statutory rate increased by 45% last year, although under-payment rose by as much as two thirds in some sectors such as children's care.
The value of the statutory rate had "flatlined" to just over 50 per cent of median earnings, compared with 60 per cent in other countries including France.
HM Revenue and Customs (HMRC) staff in the new team will work on the most high profile and complicated cases, particularly in areas where employers are using migrant labour to undercut competitors by paying below the statutory rate.