tax rate


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.
Related to tax rate: Income Tax Rate

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 ?
The excise tax rates of alcoholic products has increased since 2013 since the implementation of Republic Act 10351 or the Sin Tax Reform Law.
He stressed that the caretaker government should consider reducing tax rates on this sector to facilitate the growth of economy.
* Homes in the middle third of markets, where effective tax rates are more modest, experienced higher rates of home-value appreciation -- 35 percent on average over five years, 7 percent during the past year.
The decision to change the income tax rates for the salaried class will provide a relief of almost Rs100 billion before the upcoming general elections.
However, there are some quirks in the new tax rates. Some people actually face higher rates.
Regarding research on the relationship between tax rates and tax revenue, most studies have examined the impact of tax rates on tax revenue by looking at labor supply elasticity (Feldstein, Journal of Political Economy, 1995; Macurdy et al., Journal of Human Resources, 1990; Lindsey, Journal of Public Economics, 1987).
KeyBanc estimates Google's tax rate will move from 20 percent to 10.6 percent and said its 2018 EPS is likely to increase from $39.57 to $44.21.
The long-term capital gains tax rate is a constant fraction ([alpha] = 0.5) of the regular income tax rate [tau], which includes both federal and state taxes.
California, the nation's most populous state, is tied for the 17th lowest tax rate with Arizona (both states have a 0.81 percent effective tax rate).
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.
'Lowering income tax rates would bring down revenues by approximately P139 billion, and the lowering of the corporate income tax rates will bring down revenues by approximately P34.8 billion,' Dominguez 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.