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English definition of “tax rate”

tax rate

noun [C]     TAX, FINANCE
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, marginal rate
(Definition of tax rate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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