tax rate(redirected from Average rates)
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Related to Average rates: Monetary Authority of Singapore
The percentage of tax paid for different levels of income.
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 ratethe 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.
The percentage used to calculate various taxes.