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 ?
Third, the taxpayer applies the relevant statutory tax rates to the remaining amount, which is known as taxable income, to determine federal income tax liability.
where Delinquenti indicates whether the property owner is delinquent (yes = 1, no = 0), Pt is a vector of property characteristics (Homestead Exemption, Statutory Tax Rate, Taxable Value, Years Owned, Assessment Ratio (16), Detroit Owner (17), Size, and Delinquent on Water, and [X.
In addition to a corporate statutory tax rate of 12.
A statutory tax rate is the percentage imposed by local country law on the tax base of the corporation.
This analysis finds no conclusive evidence, however, to substantiate a clear relationship between the 65-year reduction in the top statutory tax rates and economic growth.
facing a statutory tax rate of 35 percent) possess the largest aggregate levels of worldwide and domestic book income and both taxable income measures.
Consider the NOPLAT projections of a firm with one operating company, OpCo, that has 100 [euro] Net Operating Profit, 30-percent Statutory Tax Rate, and a growth rate of 5 percent per year.
In contrast to statutory tax rates, Graham's simulated tax rates do account for the uncertainty of tax shield usability.
As the tax base is irrelevant for profit-shifting, it is the statutory tax rate that matters for the choice of the profit location.
Several countries are now planning further tax cuts, suggesting that pressure to reduce statutory tax rates will continue.
Assuming a 35% statutory tax rate and a 10% discount rate, the MTR applicable to export profits in 2004 is determined as follows:
However, the model is also estimated using METR, AETR, and the statutory tax rate for comparison.