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tax rate
(redirected from Statutory tax rate)

    Also found in: Legal, Wikipedia 0.03 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.


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