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Tax Rate |
Also found in: Financial, Wikipedia | 0.04 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-references |
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The summaries are designed to outline the tax rates and certain major features of the tax laws that affect taxation in the countries covered. OLD SCHOOL" progressives argue that marginal tax rates should increase with income. It would also replace effective marginal tax rates on savings of about 23 percent to 54 percent with a rate of zero, since any dollar not spent would not be taxed. |
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Tax rates