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 ?
Because the effective tax rate on the sale of product X is only 12.
Indeed, in some cases, companies manage getting out of paying deferred taxes forever, so the published effective tax rate masks the fact they are actually paying far less in taxes each year.
In summary, given the decline in the effective tax rate on capital in 2009, the effective tax rate on the cost of doing business, which is an aggregate of the effective tax rates on labour and capital, declines from 23.
and foreign tax laws or interpretations, adverse resolution of tax audits and unanticipated changes in the mix and profitability of the company's products could lead to revisions in the effective tax rate.
An effective tax rate is a summary statistic that measures the tax burden associated with an activity.
One development was the growing consensus among tax economists and policy analysts that capital taxation reform should focus on equalizing marginal effective tax rates among different types of assets so as to end severe tax nonneutrality significantly affecting efficiency of capital allocation through distortion by uneven investment incentives.
The increase is primarily attributable to lower SG&A expenses, interest and other expense partially offset by lower net revenues, a lower gross margin and a higher effective tax rate.
Additionally, there is a proposal to create a new sub-tax Class la that would consist of one to three-family homes that are not owner-occupied and would be assessed at a higher effective tax rate than owner-occupied dwellings.
Relative to the Company's previously disclosed effective tax rate estimate of 18.
The macrotax components are those tax dynamics that affect corporate tax strategy or significantly affect the company's effective tax rate.
The reduced net loss in this seasonally slow quarter was primarily the result of increased net revenues, improved gross margins and an adjustment to the effective tax rate.

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