tax rate

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Related to Tax rates: Tax brackets, Income Tax Rates, Tax Tables

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 ?
BNA Sales Tax Rates is easily customized and can be used to automate delivery of access links to the latest sales tax rates, which can be aligned with customers' unique processes.
Northbridge will keep a single tax rate, because most taxable properties in town Co 86.
According to one study, the effective tax rate has shrank to close to 10 percent.
That many people find such figures appalling is presumably due to some notion that people deserve the incomes they earn in the market, and extremely high tax rates are an inequitable restriction on economic freedom.
The gain is subject to a 47% financial aid assessment (after deductions and allowances) and a 15% marginal income tax rate.
At the low end, there were 69 school districts with property tax rates below $2 for every $100 of equalized assessed valuation in 2003, the latest year for which property tax information was available.
If provincial governments eliminated these taxes and harmonized their sales taxes with the GST, Canada would actually have the lowest marginal effective tax rate among G7 nations.
Even though the LDP panel plans to put these alcohol products into the same category, tax rate differentials will remain for some time, according to the lawmakers.
Although details on how the issue of imbalances in tax rates will be addressed remain sketchy, Burrows says he is optimistic Bill 140 will help the cause.
Property tax rates on commerical properties are expected to go down again for Fiscal Year 2001 that begins on July 1st and residential apartment tax rates are likely to drop a slight percentage.
In exactly the same way, when tax rates come down, domestic trade expands.