Tax Rate

(redirected from Inclusive tax)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to Inclusive tax: Effective tax rate, Average tax rate, marginal rate of taxation, Marginal tax rate

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.