Tax Rate

In a tax system and in economics, the tax rate describes the burden ratio (usually expressed as a percentage) at which a business or person is taxed. There are several methods used to present a tax rate: statutory, average, marginal, and effective. These rates can also be presented using different definitions applied to a tax base: inclusive and exclusive.

Read more about Tax Rate:  Statutory, Average, Marginal, Effective, Inclusive/exclusive

Famous quotes containing the words tax and/or rate:

    “I come into the peace of wild things
    who do not tax their lives with forethought
    of grief.”
    —Wendell Berry (b. 1934)

    “All of us failed to match our dreams of perfection. So I rate us on the basis of our splendid failure to do the impossible.”
    —William Faulkner (1897–1962)