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 ?
Our dependent variable is the inflation-adjusted, monthly tax-inclusive retail price of unleaded gasoline in state i for time period t, measured in cents per gallon (or in its natural log).
This result therefore suggests that there is a one-for-one increase in the tax-inclusive gasoline price from an increase in the gasoline tax, a result consistent with a retail gasoline market in which firms are perfectly competitive and produce at constant cost.
Specification (2) in Table 3 reveals that there is no statistical evidence of lagged responses of tax-inclusive gasoline prices (rtaxl) to changes in the gasoline tax, so that prices shift fully during the first month of the tax change.
will offer sales incentive points to buyers based on tax-inclusive prices from Thursday, rather than prices excluding tax hitherto.
8% for all products by keeping tax-inclusive prices unchanged from prices excluding tax.
TOKYO - A new regulation on tax-inclusive pricing went into effect on Thursday, making it mandatory for retailers and service providers to display price tags that include the 5% consumption tax.
Thus, the wholesale distributor could face some significant losses in this situation - especially if it has already reimbursed its franchisee for the full, tax-inclusive price of the gasoline the franchisee sold to the state agency.
Under the new system, retailers are also required to display tax-inclusive prices on shelf signs, catalogues, and paper and Internet advertisements.
Should the Committee determine that the price of goods or services be rendered on invoices as a tax-inclusive price, then, we recommend that the sales invoice or slip show the vendor's registration number and also a include statement to the effect that "The invoiced price includes federal tax of 'x' percent and provincial tax of 'y' percent.