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 ?
The abovementioned approaches calculate a single measure of marginal rates of substitution and these trade-off analysis methods are given in optimistic case in the sense that they calculate the maximum changes in a specific throughput when another throughput is changed by a small quantity.
The more highly developed the market economy, therefore, the greater will be the tendency to approach equality between the ratio of the prices of factors and the marginal rates of product substitution between them.
Again the first 25% will be tax free and the rest taxed at your marginal rate.
Finally, the overall size of pension savings that can be taken as a lump sum ('trivial commutation') has been increased to PS30,000 from PS18,000, meaning those with total pension amounts of up to PS30,000 will be able to take out the entire amount as a lump sum with 25% paid tax free and the balance at their marginal rate of income tax.
While economists have not reached a consensus on the responsiveness of income to the marginal rates for high-income earners, there is some support for the idea that this behavioral effect may be important and therefore costly to the economy.
Romer and Romer find that changes in marginal rates had a statistically significant but economically modest effect on reported taxable income.
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.
Most people know that this is the way the marginal rates work, yet debate continues to be dominated by the publication of marginal rates rather than actual tax paid as a percentage of income.
A number of economists have tortured themselves trying to manipulate [ratios of equal marginal rates of transformation across trading countries] so as to result in [equal marginal rates of technical substitution across countries.
Generally, if future marginal rates are expected to be higher than current marginal rates, the business may want to push more depreciation deductions into the future.
Hubbard noted that in order to keep marginal rates low, it will be necessary to broaden the tax base ''a great deal'' to secure tax revenues.

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