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 ?
For instance, a 1-cent increase in the wholesale price of gasoline (resale) raises the tax-inclusive price by eight-tenths of a cent, when a lagged response to the wholesale price (resalel) is included.
These specifications indicate that a 10-cent increase in the gasoline tax raises the tax-inclusive gasoline price by 9.
Here, we test the hypothesis that the tax-inclusive gasoline retail price is more responsive to gasoline excise tax increases than to gasoline tax reductions.
As shown in Specifications (5) and (6) in Table 5, there is no statistical evidence of an asymmetric response of tax-inclusive gasoline prices to changes in gasoline taxes.
Specifications (5) and (6) also indicate that a 10-cent increase in the gasoline tax raises the tax-inclusive gasoline price by 9.
We also find that changes in gasoline taxes are reflected almost instantly in the tax-inclusive gasoline price, whereas gasoline retail prices exhibit a more gradual response to changes in gasoline wholesale prices.
TABLE Al Perfect Competition: First-Difference Linear Specifications Independent Dependent Variable: First Difference Variables of Tax-Inclusive Price P (1) (2) Drtax 0.
Changes in the gasoline taxes may not be instantaneously reflected in the tax-inclusive gasoline price.
Interpreting the tax coefficient as an elasticity ([epsilon]) and using average values of the tax-inclusive gasoline price (P) and the real gasoline tax per unit of 96.