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 ?
The motivation for competing over statutory tax rates, rather than just effective tax rates, is that behavioral responses among businesses are multidimensional.
Summary Statistics Variable Full Sample Homestead Mea SD Mean SD Delinquent (yes = 1, 0.542 0.498 0.410 0.493 no = 0) Delinquent Amount 1,115 1,401 712.2 1,172 No Tax Enforcement 0.181 0.385 0.212 0.415 (yes = 1, no = 0) Police Response Time 47.41 8.053 48.01 7.718 (minutes) Homestead Property 0.492 0.500 -- -- (yes = 1, no = 0) Statutory Tax Rate 64.85 19.25 55.04 14.72 (tax payment/SEV) Taxable Value ($1,000s) 21.58 11.14 22.89 11.75 Years Owned 10.07 6.148 11.81 5.527 Assessment Ratio 10.41 3.892 11.37 3.682 Detroit Owner (yes = 1, 0.778 0.415 -- -- no = 0) Size (per 1,000 sq.
Singapore imposes a corporate statutory tax rate of 17% and offers a productivity and innovation credit that allows a 400% superdeduction on certain qualifying R&D expenses up to SGD $400,000; 100% and 150% superdeductions on certain expenses above SGD $400,000; a nontaxable cash payout option for up to SGD $100,000 of qualifying expenditures; and a tax deferral option.
The Republican Party has recommended lowering the federal corporate income statutory tax rate to 25%, three percentage points lower than the Democrats' proposal (Romney Campaign, 'Believe in America," September 2011).
Contents Top Tax Rates Since 1945 Top Statutory Tax Rates and the Economy Methods Saving and Investment Productivity Growth Real Per Capita GDP Growth Top Statutory Tax Rates and the Distribution of Income Concluding Remarks Appendixes Appendix.
Despite differences in the levels and amounts of reported book and taxable income across time, the figures reporting aggregate financial statement and taxable incomes across statutory tax rate brackets appear quite similar, regardless of the income measure under examination; the highest amount of aggregate income (financial statement or taxable income) is concentrated in the 35-percent statutory tax bracket (taxable income over $18.3 million).
Consider the NOPLAT projections of a firm with one operating company, OpCo, that has 100 [euro] Net Operating Profit, 30-percent Statutory Tax Rate, and a growth rate of 5 percent per year.
In contrast to statutory tax rates, Graham's simulated tax rates do account for the uncertainty of tax shield usability.
and accompanying reductions in statutory tax rates are roughly a wash in
Statutory corporate tax rates 2007 2008 Municipal multiplier 200 400 490 200 400 490 Composite statutory tax rate 33.1 38.7 40.9 22.8 29.8 33 Table 2.2.
Higher tax allowances for children and reductions in personal income taxes account for about two thirds of the tax reductions, with corporate tax relief accounting for the remainder statutory tax rate, which is only partly offset by a widening of the tax base (see below).
If the loss carryovers would be absorbed by domestic profits in future years, such that the export profits merely accelerate the absorption of loss carryovers, the MTR on such profits would be lower than the statutory tax rate otherwise applicable, but not zero.