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Tax Rate
(redirected from Average tax rate)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

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.



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The 26 Swiss cantons are free to set their own rates, so Swiss-based companies' effective average tax rates range from 10.
The average tax rate on payroll has been relatively stable for the past decade, and the trust fund had $806 million in the bank just last year, according to Jones.
The paper noted that the average tax rate paid by our nation's richest 1 percent has slid from 33 percent to less than 25 percent during the past couple of decades.
 
 
 
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