Tax Rate

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Tax Rate

The amount of charges imposed by the government upon personal or corporate income, capital gains, gifts, estates, and sales that are within its statutory authority to regulate.

Tax rate schedules are utilized by taxpayers whose taxable incomes exceed certain designated amounts. Separate schedules are provided for married individuals who file jointly, unmarried people who maintain a household, single people, estates, trusts, and married couples who file separate returns.

Cross-references

Income Tax; Taxation.

References in periodicals archive ?
The lowest-income earners have benefited the most from all tax law changes since 1979; the average tax rate declined by 1.
4 billion in 2008, we estimate that the 2008 average tax rate of 18.
In third step, we apply average tax rate on respective tax base to calculate provincial potential tax revenue from each source j:
Based on gross income, the average tax rate would be 8.
Over the last decade, federal income tax changes affecting both individual and business income taxes have reduced average tax rates for all farm households.
The higher average tax rate may be a trade off against the operational strategy.
At state average tax rates, homes must be valued at $227,000 or more to be eligible for the 1 percent circuit breaker credit.
While average tax rates have often been used to make inferences about the effect of taxes on economic growth, they are not a good measure because they do not induce behavioral changes in individuals.
Louis Fed Average Tax Rate (b) Federal tax liability plus state lax liability divided by gross income Tax Instrument The federal plus state tax burden on $10 million in income Put Outs (a) A putout occurs when a defensive player is Involved in preventing a player from safely reaching a base On-Base + Slugging On-base percentage is the sum of hits, walks, Percentage (a) and hit-by-pitches divided by the sum of at bats, walks, sacrifice flics, and hit-by-pitches.
However, Mr Cowen said in his reply to Ms Burton that recent changes to tax reliefs "will increase the average tax rate for those on higher incomes".
The average tax rate differs from the effective tax rates computed above since it calculates taxes paid on all projects, not just the marginal one in the case of effective rates.