Tax Rate

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Related to Marginal rate: Marginal rate of substitution, Marginal rate of technical substitution, Marginal Rate of Transformation, 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.

References in periodicals archive ?
In addition to pushing for keeping marginal rates as low as possible, IFA is focused on enacting a permanent solution to the Death Tax, extending the current capital gains tax rate of 15 percent and permanently shortening the depreciation schedule for restaurant buildings to 15 years.
For the aggregator function in (1), consumers' marginal rate of substitution between any two goods, [c.
At the ECB's last auction of three-month funds on December 11, the ECB lent its full allotment of 60bn euros at a marginal rate of 4.
If the client itemizes deductions, paying down a loan with deductible interest provides a risk-free rate of return effectively equal to the loan's interest rate minus the marginal rate of tax savings forgone.
Currently, most residents pay no income tax; the highest marginal rate is 16 per cent.
CAPITAL duties should not be levied on reverse mergers within the European Union (EU) if those deals only receive regular taxation at a marginal rate of up to 0.
The week before the federal budget, the Age carried a front page story on Parliamentary Library research showing many more taxpayers were finding themselves paying the top marginal rate compared with thirty years ago.
Because elimination of the estate tax and most of the high-bracket marginal rate reductions will be phased in, the proportion of total benefits reaped by the highest-income taxpayers will gradually increase.
2) This is an unimaginably high rate by today's standards, when the dominant view in Washington is that a marginal rate of 39.
The remaining gain of $9,000 qualifies as Section123l gain and will be taxed at the taxpayers' capital gain rate, 20 percent if the taxpayers are in the 28 percent or higher marginal rate, and 10 percent if the taxpayers are in the 15 percent marginal rate.
As expected, compensation is always a function of the NAV of the investment company and, in general, compensation is (weakly) monotonically decreasing in the marginal rate paid on increasing levels of NAV.
The formula that applies to your income and filing status contains a percentage, which represents your marginal rate.

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