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 ?
Canada offers combined federal and provincial corporate statutory tax rates from 17.
To determine whether a firm's marginal tax rate would change, tax net income (Form 1120, Page 1, Line 28) is increased by 5 percent, and the firm's statutory tax rate is determined using the adjusted taxable income figure.
The statutory tax rate in Ireland did not change over the 1982-2002 period.
b The marginal effective tax rate for large banks before tax reform was calculated using a statutory tax rate of 46 percent and assumes that banks used the percentage method to calculate the loan loss allowance.
The amounts in column E of Table 1 are based on the excess of the maximum statutory tax rate over firms' marginal tax rate derived from the computed effective tax rate and the amounts in column G are based on the excess of the maximum statutory tax rate over the computed NOL marginal tax rate.
1) - Tax impact calculated using federal statutory tax rate of 34% and a blended state tax rate of 6%
The bonds are also secured by ad valorem taxes on all taxable property in the county subject to applicable constitutional and statutory tax rate limitations in proportion to each county's special assessment.
Corporations' public filings with the SEC show that even big, profitable corporations pay nowhere near the 35 percent statutory tax rate and some pay nothing at all, thanks to the loopholes in the tax code.
On a current and historical basis, the EASi platform tracks more than 20 participant status characteristics including employment dates by company, by country, state or province, residence and work address and the subsidiary and parent company's statutory tax rate for DTA tracking.
The Certificate allows the Company to receive a preferential income tax rate of 15% on substantially all of its operating income, versus the statutory tax rate of 25%.
Such tax rates reflect the statutory tax rate after the adjustments for the impacts of certain discrete items (such as decreases in non-US tax rates, reconciliations of tax returns to tax provisions and resolutions of tax contingencies).