Tax Rate


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Related to Tax Rate: Income Tax Rate

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 ?
tax regulations, interest income and short-term capital gains are taxed at the ordinary income tax rate while long-term gains are taxed at a lower capital-gains rate.
Of those 100 companies, only one is actually paying a negative overall tax rate and is therefore due a discrete net tax benefit: General Motors Company.
W98/16, 1999), and do not calculate real effective tax rates but instead calculate tax rates of implicit character.
While there seems to be good intentions to take a serious look at Worcester's property tax rate structure, there seems to be a lack of political will, or maybe even interest for that matter, to get something done about it.
This column shows the basic central government statutory (flat or top marginal) corporate income tax rate, measured gross of a deduction (if any) for subcentral tax.
But many companies say that the 35 percent corporate federal tax rate is too high.
However, the progressive structure allows lower income households to pay at a lower average tax rate than higher income households, thereby shifting the financial burden of government to higher income households.
generally when a child is 16); (2) assets and/or income held and/or earned by students are treated less favorably than if held and/or earned by parents; and (3) assessments calculated at a marginal financial aid assessment rate have a similar wealth-reducing effect as income taxes calculated at a marginal income tax rate.
And, coupled with low property tax rates, these communities continue to attract development that keeps their economies--and their schools--vibrant.
Finance Minister James Flaherty said recently, "[Canada] must establish a meaningful, marginal effective tax rate advantage .
Then they should estimate their client's tax rate at retirement.
Even though the LDP panel plans to put these alcohol products into the same category, tax rate differentials will remain for some time, according to the lawmakers.