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 ?
We then determine the statutory tax rate that corresponds to the increased taxable income figure.
Ireland's statutory tax rate was a constant 10% over the representative period.
It lowered statutory tax rates on both corporate and personal income while eliminating the investment tax credit and a host of other specialized tax deductions in an effort to ensure that all firms paid similar tax rates.
Such tax rate reflects the statutory tax rate after adjustments for the impacts of certain discrete items (such as decreases in non-US tax rates, reconciliations of tax returns to tax provisions and resolutions of tax contingencies).
As the newly designated HNTE, Fuwei Shandong is entitled to a tax rate of 15%, rather than the general statutory tax rate of 25%.
Howe commented, "Our presence in Ireland will give us access to world class talent and underpins our strategy of deriving the maximum benefit for our shareholders, this will apply in particular to royalties from patents held in Ireland where earnings are taxed at a lower statutory tax rate (12.
Presentation of pro forma results with a consistent statutory tax rate of 34% is believed to assist the investor community in comparison of Pervasive's pro forma results from period to period as well as comparison of Pervasive's results with that of comparable companies.
46 Backlog $46,382,000 $37,027,000 NOTES: 1) The effective tax rate for the three months ended March 31, 2006, varies from the statutory rate (34%) due to the effect of the alternative minimum tax; and the effective tax rate for the three months ended March 31, 2005, varies from the statutory tax rate (34%) due primarily to the utilization of a net operating loss carryforward and tax credits.
NAA/NMHC proposed that Congress consider, but also look well beyond, lowering statutory tax rates.
Watch for proposals that are positioned as 'pro-business,' such as lowering statutory tax rates or modifying state apportionment formulas to favor instate businesses.
The highest statutory tax rates on 2010 corporate income are recorded in Malta (35.
and foreign economic conditions on items such as interest rates, statutory tax rates, currency conversion and availability; legal and regulatory factors including changes in food safety, advertising and labeling laws and regulations; the ultimate impact of product recalls; business disruption or other losses from war, terrorist acts or political unrest; and other items.