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 ?
We look at two key aspects of labour supply: financial incentives to take up or remain in employment commonly measured by replacement rates and/or participation tax rates (5)--and financial incentives to move from part-time to full-time employment--measured by marginal effective tax rates, which take account of the withdrawal of benefits as well as explicit direct taxes.
The incentive to work longer hours is weakened by relatively high marginal effective tax rates, with large effects on workers with relatively high labour supply elasticity, such as second earners (Table 4.
Continue to reduce average and marginal effective tax rates on second earners.
Alternatively, the marginal effective tax rate can be expressed as a percentage either of the pre-tax or after-tax cost of capital.
2008), "Still High: Marginal Effective Tax Rates on Low-Income Families", C.
The chief methodology for applying this conceptual approach has been the King-Fullerton framework for comparing marginal effective tax rates for different types of assets in different countries.
Budget room for extra expenditure on care subsidies and cuts in marginal effective tax rates could be made by phasing out tax subsidies on owner-occupied housing
Foregone tax revenues are boosted by the fact that families with below-average income face a 70% marginal effective tax rate because of withdrawal of child and working tax credits which counteracts the public savings on the childcare element of the working tax credit when a parent is on leave.
75 million households facing marginal effective tax rates of 70% or more, although this is only around 11% of all working households.
Among this group of provinces, Alberta's low marginal effective tax rate is directly associated with its low statutory income tax rate and the absence of capital and sales taxes; the other provinces achieve their apparent overall tax competitiveness by favouring slow-growth industries: manufacturing and forestry.
The effective tax rate on marginal costs is a summary measure that weights the effective tax rate on each input by the share of each input (14) in total costs; it is thus a function of the marginal effective tax rate on each input.
Table 2 shows a 2005 ranking of all OECD countries and leading developing countries measured according to the marginal effective tax rate on capital for large and medium-size corporations.