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tax rate
(redirected from Statutory tax rate)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.03 sec.
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 used to calculate various taxes.



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Estimation of Domestic Manufacturing Deduction Incentive The benefit from the manufacturing deduction is determined by taking the excess of the maximum statutory tax rate over firms' marginal tax rate, multiplied by the product of estimated taxable income and 3 percent so long as the resulting figure does not exceed 50 percent of payroll expenses.
Their measure indicates that the economic effective tax rate was about 16 percent between 1988 and 2005, when the statutory tax rate was either 34 or 35 percent.
[ILLUSTRATION OMITTED] The United States has tax treaties with many countries, which may reduce the statutory tax rate for income paid to U.
 
 
 
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