Tax Rate

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Related to Marginal effective tax rate: Average tax rate

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.

A profile of financial incentives to work in Ireland

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.

Increasing working hours: helping reconcile work and family

Continue to reduce average and marginal effective tax rates on second earners.

Removing obstacles to employment for women

Alternatively, the marginal effective tax rate can be expressed as a percentage either of the pre-tax or after-tax cost of capital.

Tax disincentives to commercial bank lending

2008), "Still High: Marginal Effective Tax Rates on Low-Income Families", C.

Tax reform for efficiency and fairness

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.

Tax Reform and the Cost of Capital: An International Comparison

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

Chapter 3: labour market reform to increase resilience and labour utilization

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.

Chapter 5: could more childcare increase labour supply?

75 million households facing marginal effective tax rates of 70% or more, although this is only around 11% of all working households.