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 ?
In general, we find consistent evidence of full shifting of gasoline taxes to the final consumer, with changes in gasoline taxes fully reflected in the tax-inclusive gasoline price almost instantly, a result consistent with a retail gasoline market in which firms are perfectly competitive and produce at constant cost.
another major supermarket chain operator, will cut tax-inclusive prices of clothing, housing equipment and food products by 10% for four days from Thursday.
The change will be made ahead of a mandated introduction of consumption tax-inclusive pricing on April 1, meaning the prices will be cut by the margin of the tax.
Definition of "National Catalogue" for purposes of HST rules for tax-inclusive pricing still not determined as of January 13, 1997 (provinces still negotiating due to pressure by Retailers).
Retailers are also required to display the tax-inclusive prices on shelf signs, catalogues, and paper and Internet advertisements.
The franchise stores purchased gasoline at a tax-inclusive price from the taxpayer.
Under the new system, retailers are also required to display tax-inclusive prices on shelf signs, catalogues, and paper and Internet advertisements.
If these tax-exempt users now purchase undyed diesel fuel, they purchase it at a tax-inclusive price.
It would, for example, create confusion to have some goods and services sold at a tax-inclusive price while others are sold with taxes separately added to the invoice.