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 ?
But if you reduce the statutory rate to 25 percent or some number that's globally competitive in a territorial system, then the incentive to move offshore disappears.
We believe the following major factors explain the deviation of actual returns on RAB from the statutory rates.
Given that marginal tax rates are estimated at levels often significantly below the statutory rate, firms should consider their own tax situation in gauging the real cost of a switch from LIFO.
A statutory rate cut would therefore reduce retailers' effective tax rates, which we estimate at an average of 35% over the past five years.
In addition, the effective tax rate paid by large corporations is well below the existing statutory rate.
TWICE as many workers are being paid the national minimum wage than when the statutory rate was introduced in 1999, research shows.
I am daring to suggest that Government regulation should insist that, whenever a child is seriously injured on the roads regardless of who is to blame, substantial compensation at a statutory rate should be a legal obligation against which every motorist must be insured.
65 an hour - less than half the statutory rate for adults - was cited as a "major deterrent.
85, well above the statutory rate for the national minimum wage.
The Government is planning a fresh crackdown on bosses who fail to pay the national minimum wage, ministers announced today as the latest increase in the statutory rate came into effect.
Employers who fail to pay the statutory rate, currently pounds 5.
Union leaders have called for the minimum wage to be increased to pounds 6 an hour by 2008 and say more should be done to force employers to pay the statutory rate.