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Tax Rate |
Also found in: Financial, Wikipedia | 0.07 sec. |
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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-referencesHow to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Finance Minister James Flaherty said recently, "[Canada] must establish a meaningful, marginal effective tax rate advantage . The marginal effective tax rate for individuals whose earned income exceeds the annual earnings limit may exceed the 51. Currently, some families find the reduction in ghild benefits from increased income, coupled with taxes result in marginal effective tax rates in excess of 100%. |
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