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:

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