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tax rate
(redirected from Statutory tax rate)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
tax rate
n
(Economics) the percentage of income, wealth, etc., assessed as payable in taxation
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.tax rate - rate used to calculate tax liability
charge per unit, rate - amount of a charge or payment relative to some basis; "a 10-minute phone call at that rate would cost $5"


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Estimation of Domestic Manufacturing Deduction Incentive The benefit from the manufacturing deduction is determined by taking the excess of the maximum statutory tax rate over firms' marginal tax rate, multiplied by the product of estimated taxable income and 3 percent so long as the resulting figure does not exceed 50 percent of payroll expenses.
Their measure indicates that the economic effective tax rate was about 16 percent between 1988 and 2005, when the statutory tax rate was either 34 or 35 percent.
[ILLUSTRATION OMITTED] The United States has tax treaties with many countries, which may reduce the statutory tax rate for income paid to U.
 
 
 
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