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)

    ““Terence, this is stupid stuff:
    You eat your victuals fast enough;
    There can’t be much amiss, ‘tis clear,
    To see the rate you drink your beer.”
    —A.E. (Alfred Edward)