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 ?
Breakfast inclusive rates are starting from JPY 33,800 per night, based on double occupancy.
Tenderers are required to submit a schedule of inclusive rates for the supply, delivery and collection of variety vehicles and road registered plant for various lengths of hire.
Hertz fully inclusive rates include: Unlimited mileage, loss damage waiver, theft protection, airport fee and tax.
Instructions/Remarks: 1.Irs Conditions Of Contract Is Applicable.2.In Case Of Delays In Stipulated Delivery Period, Full Ld May Be Levied As Per Irs Conditions Of Contract.3.All Inclusive Rates Quoted Item Wise, Destination Wise, Is The Criterion For Evaluation.4.