Tax Rate

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Related to Average tax rates: Marginal tax rates

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 ?
Based on gross income, the average tax rate would be 8.
Sum of tax base of all tax units is divided on sum of revenue of all tax units for each selected source to represent national average tax rate which then is applied to tax base to calculate potential tax revenue.
In contrast, the Bush tax cuts reduced average tax rates for all income levels.
The results are varied, but in general there are differences in the mean values of total income, total tax, and the average tax rates.
Regressivity is defined as the ratio of the average tax rate to the marginal tax rate (ATR/MTR).
For example, those taking a part-time job at $25,000 currently face a jump in average tax rates, including payroll taxes, of over 20 percent, which substantially reduces take-home pay.
1995), and Becsi (1996) find similar results using both marginal tax rates and average tax rates, implying that state tax systems are close to proportionality, in which case substituting average tax rates for marginal tax rates is plausible.
They construct a measure of effective average tax rates, distinguishing taxes on consumption and factor incomes.
Returns, Shares of AGI and Total Income Tax, and Average Tax Rates, by
The average tax rates steadily declined after the Economic Recovery Tax Act of 1981 was passed.
The average tax rates for the three month period ended June 30, 1994 and 1993 were 38.
This was the second year in a row there was a decline in average tax rates.