tax rate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax rate” in the English Dictionary

"tax rate" in Business English

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tax ratenoun [C]

uk   us   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 ​rulesallowfirms to ​treat their ​earnings as ​capitalgains, which ​attracts a 10% ​taxrate. A ​taxrate of 36% ​applies to all ​taxableincome in ​excess of the ​stipulatedamount.a low/high tax rate A ​lowertaxrate helped ​boostnetprofits by 41% to $454 million.corporate/corporation/individual tax rate In Germany, ​corporationtaxrates are ​lower than in this country.property/capital gains/sales tax rate Florida ​propertytaxrates generally ​range from 0.2 ​cents to 0.25 ​centsper $1,000 of ​assessedvalue.
(Definition of tax rate from the Cambridge Business English Dictionary © Cambridge University Press)
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