tax rate

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Related to Average tax rates: Marginal tax rates

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 ?
In the context of the analysis of the growth effects of taxation, an important interaction is uncovered between (1) the endogeneity of average tax rates to per capita income discussed in Peltzman and Rabushka and (2) the negative relation between per capita income and economic growth discussed in Landau [1983], Barro [1984h, Kormendi and Meguire [1985], and Baumol [1986].
Taxpayers' savings from the general income-averaging formula is equivalent to a reduction in the personal average tax rate of individuals in the lowest quintile of almost 0.
First, inflation is found to have little influence on the redistributive effect of PIT policy before 2005, but it subsequently led to an apparent increase in the average tax rate and thus improved the redistributive effect of PIT policy.
Table 2 reveals that it was mainly the top 1 % which experienced substantial reductions in average tax rates and increases in their income shares.
Indirect regression takes place when the fall in average tax rate is accompanied by a fixed level of extreme tax.
For a discussion, see Aspen Gorry and Sita Nataraj Slavov, "Marginal and Average Tax Rates in Optimal Tax Policy," Tax Notes (April 1, 2013): 83-88.
Measurements of the effective tax rates on domestic investment include: the cost of capital, the effective marginal tax rate (EMTR), as well as the effective average tax rate (EATR).
At the same time, the average tax rate paid by the top 0.
Moreover, since 2001 the lowest 40 percent of income earners have had zero or negative individual income average tax rates.
The comparison between the CBO tax calculator using the CE public use microdata and the BLS tax calculator using the CE microdata for internal use leads to the conclusion that the BLS tax calculator produces accurate estimates of total tax and average tax rates for CE consumer units.
This is designed to show the income tax and National Insurance contributions they have paid, their average tax rates, and how this contributes to public spending.
The adverse impact of the income tax is exacerbated because of its progressive structure, with marginal tax rates being greater than average tax rates.