Tax rate

marginal tax ratetax rateseffective tax rateaverage tax rateratesmarginal income tax ratemarginal ratemarginal taxratemarginal income tax rates
In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.wikipedia
172 Related Articles

Proportional tax

proportionalproportion to their possessionsproportional income tax
In a proportional tax, the tax rate is fixed and the average tax rate equals this tax rate.
A proportional tax is a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases.

Progressive tax

progressiveprogressive taxationprogressive income tax
In case of tax brackets, commonly used for progressive taxes, the average tax rate increases as taxable income increases through tax brackets, asymptoting to the top tax rate.
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

Tax bracket

tax bracketsbracketsbracket
In case of tax brackets, commonly used for progressive taxes, the average tax rate increases as taxable income increases through tax brackets, asymptoting to the top tax rate.
Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer).

Laffer curve

Khaldun-Laffer CurveTaxable income elasticityelasticity of taxable income
This is the basis of the Laffer curve theory, which theorizes that population-wide taxable income decreases as a function of the marginal tax rate, making net governmental tax revenues decrease beyond a certain taxation point.
In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of government revenue.

Flat tax

flat income taxflatflat rate
With a flat tax, by comparison, all income is taxed at the same percentage, regardless of amount.
A flat tax is a tax system with a constant marginal rate, usually applied to individual or corporate income.

Tax

taxationtaxeslevy
In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.
Effective tax rates were higher in Britain than France the years before the French Revolution, twice in per capita income comparison, but they were mostly placed on international trade.

Income tax

income taxesincometaxes
In the United States, sales taxes are usually quoted exclusively and income taxes are quoted inclusively.
Income tax generally is computed as the product of a tax rate times taxable income.

List of countries by tax rates

state taxTax rates around the worldlocal taxation
A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.

Regressive tax

regressiveregressive taxationburdening the poor
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

Tax rates in Europe

Tax rates of EuropeEuropean Tax lawrates of other EU–28 countries
This is a list of the maximum potential tax rates around Europe for certain income brackets.

Ratio

ratiosproportionratio analysis
In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.

Percentage

percent%FG%
In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.

Poll tax

head taxpoll taxespoll-tax
A poll tax is a flat tax of a set dollar amount per person.

Means test

means-testedmeans-testingmeans testing
For individuals who receive means tested benefits, benefits are decreased as more income is earned.

International Financial Reporting Standards

IFRSInternational Financial Reporting StandardInternational Accounting Standard
International Accounting Standard 12, define it as income tax expense or benefit for accounting purposes divided by accounting profit.

Generally Accepted Accounting Principles (United States)

US GAAPGenerally Accepted Accounting PrinciplesGAAP
In Generally Accepted Accounting Principles (United States), the term is used in official guidance only with respect to determining income tax expense for interim (e.g. quarterly) periods by multiplying accounting income by an "estimated annual effective tax rate", the definition of which rate varies depending on the reporting entity's circumstances.

United States

AmericanU.S.USA
In the United States, sales taxes are usually quoted exclusively and income taxes are quoted inclusively.

Sales tax

salessales taxesnational sales tax
In the United States, sales taxes are usually quoted exclusively and income taxes are quoted inclusively.

Value-added tax

VATvalue added taxGoods and Services Tax
The majority of Europe, value added tax (VAT) countries, include the tax amount when quoting merchandise prices, including Goods and Services Tax (GST) countries, such as Australia and New Zealand.

Australia

AUSAustralianCommonwealth of Australia
The majority of Europe, value added tax (VAT) countries, include the tax amount when quoting merchandise prices, including Goods and Services Tax (GST) countries, such as Australia and New Zealand.

New Zealand

NZLNZKiwi
The majority of Europe, value added tax (VAT) countries, include the tax amount when quoting merchandise prices, including Goods and Services Tax (GST) countries, such as Australia and New Zealand.

Income

incomesearningsearning power
When a tax system imposes taxes primarily on income, the tax base is a household's pre-tax income.

List of countries by tax revenue to GDP ratio

List of countries by tax revenue as percentage of GDPtax revenue to GDP ratio39,1% overall taxation