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.


Income Tax; Taxation.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The more knowledgeable a CPA is about the nuances of the tax law, the greater the likelihood of using the correct marginal rate in tax planning and of being able to warn clients of the potential tax costs they face in advance.
parameters of the marginal rate of substitution allows us to convert
In general, the t's and b's will differ among consumers, so that the marginal rates of substitution of Q's will rarely be equal among consumers.
While marginal rates of land consumption changed little, a more detailed examination of the data revealed differences associated with differences in demographic growth characteristics.
The tax schedule applies the 33% rate to taxable income over $78,400 but not over $162,700 to phase out the benefit of the 15% marginal rate. The 33% bracket is actually extended to $185,730 to phase out the benefit of the couple's two personal exemptions.
With marginal rates poised to go up at the end of the year, and a looming debate over long-term budget deficits, small franchise-business owners are looking to Washington for some certainty.
Accordingly, NQO gain on exercise is subject to tax at the highest marginal rate.
Listen to the Not-So-Great Communicator himself: "It is not just the amount of taxes that matters, it's also what the economists call a taxpayer's marginal rate: the taxes we pay on every extra dollar we earn," said Bush, outlining his proposal in December 1999.
A small portion of the marginal rates on the working poor comes from normal taxes.
He also warned the committee to proceed cautiously in any efforts to increase the marginal rates to offset the phaseouts because the phaseouts could be rein stated at a later date.
If we adopt a flat tax, the winners would be people paying taxes at a high marginal rate. Smokestack America would do well, especially people who typically are bearing the brunt of the tax burden today.
1291(b), any distribution from a PFIC that exceeds 125% of the average distributions for the last three years and gains from PFIC stock dispositions) in respect of stock in a PFIC are subject to tax at top marginal rates, plus an interest change.

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