tax rate

noun [C] TAX, FINANCE

Definition

› the percentage of an amount or value that has to be paid in tax: Tax rates have declined so we keep more of what we earn.a 10%/12.5%/ 31%, etc. tax rate The rules allow firms to treat their earnings as capital gains, which attracts a 10% tax rate. A tax rate of 36% applies to all taxable income in excess of the stipulated amount.a low/high tax rate A lower tax rate helped boost net profits by 41% to $454 million.corporate/corporation/individual tax rate In Germany, corporation tax rates are lower than in this country.property/capital gains/sales tax rate Florida property tax rates generally range from 0.2 cents to 0.25 cents per $1,000 of assessed value.

→ See also effective tax rate, BROKEN!

(Definition of tax rate noun from the Cambridge Business English Dictionary © Cambridge University Press)