tax rate

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Related to Average rates: Monetary Authority of Singapore

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 rate paid on a savings account with a $1,000 balance was 0.
This limits the ability to grow average rates, which are down 10% for the year-to-date period.
06% -- a 2013 high -- and the 11th week this year that average rates have hovered just above 15%.
For the P6 billion in 91-day treasury bills, the average rate declined to 2.
With 1,153,000 in work in the North East, it leaves the region needing an extra 56,000 jobs to meet the UK average rate, or an extra 144,000 to hit Labour's 80% goal.
For the 91day bills, the P8billion offering was auctioned at an average rate of 1.
Payrolls in nondurables manufacturing increased faster than average after increasing at the average rate.

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