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 ?
'(This) is an indication that the present tax rates are still relatively low to effectively reduce consumption of these alcoholic beverages.
He said the outgoing Prime Minister had announced to reduce tax rate on the purchase of property to only 1 percent along with abolition of DC rate and FBR rates, but the same was not implemented as yet.
* Homes in areas with the highest effective property-tax rates -- that is, the average tax rate expressed as a percentage of estimated home values -- appear to have appreciated more slowly during the past year and the past five years on average than homes in markets with lower tax rates.
Salaried class to benefit as govt mulls lower income tax rates
In addition, the federal tax rates such as 24% or 35% are just one factor in determining the true rate you'll pay by adding taxable income, or the true amount you'll save with a tax deduction.
Although there has been much discussion on the impact of high marginal tax rates on tax revenues, there has been little analysis of the role that the lowest tax rates have on tax revenues.
The tax rate that is closest to the present incidence of tax on a good or service will be chosen with a view to keeping the shift from the present regime of excise duty plus VAT or service tax to a new uniform GST neutral for consumers.
The advantage of this approach is that we can use observed variables such as bond yield to infer the unobserved effective tax rates. This is because the effective tax rates become intrinsically linked to bond yield in the structural model.
Real estate taxes can vary widely from state to state, and not just in the official tax rate: property value can vary widely depending on where a property is located.
According to WalletHub's analysis, these 15 companies - General Motors included - pay the lowest overall tax rates. For the companies with fields marked N/A, the data was not available.
'Lowering income tax rates would bring down revenues by approximately P139 billion, and the lowering of the corporate income tax rates will bring down revenues by approximately P34.8 billion,' Dominguez said.
Progressive sliding tax rates were applied to persons in category III.