tax rate

(redirected from Tax rates)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
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 ?
Despite this, the NTRC noted current tax rates is still below the recommendation of the World Health Organization (WHO).
He urged that provinces should also abolish CVT and stamp duty on purchase of property and impose only 1 percent tax rate.
* Homes in the bottom third in terms of effective tax rates saw values increase faster -- an average 42 percent over five years, 5 percent in the past year.
The new income tax rates will be lowered through the Finance Bill that the government will table in the National Assembly on April 27.
With the same income in 2018, Brad will face a 35% tax rate.
One reason typically given for reducing marginal tax rates is because these rates may hurt small business owners.
Their model was used to perform the maximum likelihood estimate for inferred tax rates. Tax rates were also added to the LS (1995) and CG (2001) models and perform the similar maximum likelihood estimate.
(http://www.nj.com/politics/index.ssf/2017/02/njs_2016_top-taxed_towns.html) New Jersey sits at the bottom of the list with the highest effective real estate tax rate in the nation.
Of those 100 companies, only one is actually paying a negative overall tax rate and is therefore due a discrete net tax benefit: General Motors Company.
'I'm afraid whatever benefits the decrease in personal income tax rates can be eroded by the new VAT or additional taxes consequent to the expansion of the VAT base,' Lagman said.
The new taxation system is more disadvantageous for legal entities than for individuals because of the higher corporate tax rate. The lower tax burden was calculated for high tax donations (i.e.
Nike paid an international tax rate in 2014 of 98.7 percent, compared with the S&P 100 average international rate of 24.8 percent, the WalletHub report shows.