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.

References in periodicals archive ?
the excess of the taxpayer's regular tax liability (net of applicable credits except for the earned income credit) over the taxpayer's tentative minimum tax exclusive of the alternative minimum tax foreign tax credit, or
This results from the fact that the estate tax computation is tax inclusive, while the gift tax computation is tax exclusive.

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