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 ?
The average lending rate on all new loans here moved up 0.02 percentage points to 3.46 percent in December with the average rate on corporate loans gaining 0.06 percentage points to 3.62 percent, according to the BOK.
The Orange County average rate declined to its lowest amount from Feb.
The average rate for someone with a five per cent deposit looking for this type of deal has fallen from 4.9 per cent to 4.81 per cent in recent weeks.
However, the average rate of the Russian ruble decreased to make 0.1250-0.1260 somoni for a ruble.
Despite a 0.9 percentage point year-on-year drop in occupancy levels during the month to 82.2%, average rates increased by 4.6% to US$301.09, according to the Hotstats, which surveys full service hotels.
Average rate of interest on construction and development sector increased from 4.99 per cent to 5.24 per cent during the review period, said the report citing the Central Bank of Bahrain data.
Average rate of interest on construction and development sector increased from 4.99pc to 5.24pc during the review period, while in the industrial sector the rate of interest fell from 4.58pc to 3.73pc.
According to rate tracking firm Informa Research Services, credit unions had an average rate of 8.37% compared to 8.38% for banks as of Nov.
The average rate for Eastern Europe at just over 17 per cent is less than half of that of other European sub-regions.
Currently, the average rate for the top ten pounds 7,500 loans is 6.79% - down 1.48% in the past year.
Currently, the average rate for the top 10 pounds 7,500 loans is 6.79% - down 1.48% in the past year.
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraqi (CBI) has sold 147 million US dollars in its daily auction today for selling and buying foreign currencies, on an average rate of 1,170 dinars per dollar, exceeding Wednesday's sale that reached 122 million dollars, the CBI's daily bulletin reported on Thursday.

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