TAXRATE

Tax rate

In a tax system and in economics, the tax rate describes the burden ratio at which a business or person is taxed. There are several methods used to present a tax rate: statutory, average, marginal, and effective. These rates can also be presented using different definitions applied to a tax base: inclusive and exclusive.

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tax rate

Noun

  1. A rate, usually a percentage rate, at which something is taxed.


The above text is a snippet from Wiktionary: tax rate
and as such is available under the Creative Commons Attribution/Share-Alike License.

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