tax rate

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tax rate

n
(Economics) the percentage of income, wealth, etc, assessed as payable in taxation
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
References in periodicals archive ?
It should also include the name and address of the supplier and the customer, the quantity and nature of the goods supplied, the scope and nature of the services provided, the amounts subject to tax according to the rate or exemption, the tax-exclusive unit price and any discounts or rebates if they are not included in the unit price and tax rate.
93) While the estate tax is tax-inclusive, meaning it is imposed on the taxable estate's full value, the gift tax is tax-exclusive, meaning it is imposed on only the value of the property the donee actually receives after the gift tax has been paid.
Absent the incorporation of charitable giving into Gl's testamentary plan (and ignoring for present purposes the benefits that could have been achieved by making additional tax-exclusive lifetime gifts), the $40 million tax bill is unavoidable.
By contrast, the gift tax on gifts made more than three years before death is tax-exclusive.