tax rate

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Related to Tax rates: Tax brackets, Income Tax Rates, Tax Tables

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 other words, the inferred tax rates are very robust in relation to model specifications.
See how S&P 100 companies fared in 2014 Corporate Tax Rate Report.
Comparison of their specific features and the appropriateness of using them in relation to statutory corporate tax rates,
Past and present city councils have certainly given the issue a lot of lip service, but after the tax rates are set each year, the issue is rarely, if ever, brought up again until the tax classification hearing the following year.
Portugal: Since 2009, two general tax rates are applied at a Central Government Level.
According to one study, the effective tax rate has shrank to close to 10 percent.
That many people find such figures appalling is presumably due to some notion that people deserve the incomes they earn in the market, and extremely high tax rates are an inequitable restriction on economic freedom.
The gain is subject to a 47% financial aid assessment (after deductions and allowances) and a 15% marginal income tax rate.
At the low end, there were 69 school districts with property tax rates below $2 for every $100 of equalized assessed valuation in 2003, the latest year for which property tax information was available.
If provincial governments eliminated these taxes and harmonized their sales taxes with the GST, Canada would actually have the lowest marginal effective tax rate among G7 nations.
The tax rate of so-called third-category beer is 69 yen per liter, compared with 222 yen for beer.