Tax Rate

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Tax Rate


the amount of tax levied per unit of taxation, for example, per hectare of land or per ruble of income.

The tax rate expresses the norm of tax collection and is set by legislation. Tax rates may be fixed, proportional, progressive, and regressive. Fixed tax rates are established as an absolute sum per unit or object taxed, regardless of the amount of income, and are ordinarily used in taxing small plots of land. In the USSR, fixed rates are applied in collecting the agricultural tax on the private plots of kolkhoz members. Proportional tax rates are set at a definite percentage of income, regardless of the total amount. In the USSR, for example, proportional rates are used to levy an income tax on the income earned by consumer cooperative societies.

Progressive tax rates increase as the amount of taxable income increases. A distinction is made between simple and complex, or sliding, progressions. Under a simple progression, the rate increases with the amount of taxable income and is applied to the total amount of income or total value of the object being taxed. Under a complex progression, the rate increases only for the portion valued in excess of a predetermined preceding step. Progressive rates are used primarily in the levying of income taxes on the populace of the USSR and foreign countries.

Regressive tax rates diminish as the amount of income increases. Regressive taxation is clearly seen in the mechanism of indirect taxes on consumer goods that exists in every capitalist country. Under capitalism, special tax rates are frequently used to give certain advantages to large companies and corporations.


References in periodicals archive ?
3% increase in ARR within the segment driving average rate growth across the market.
The analysis found average rates on the top 10 unsecured personal loans of pounds 5,000-plus dropped, after hitting record highs in the first half of 2010.
While banks showed more appealing mortgage rates, CUs had stronger average rates on home equity lines and second mortgages at 4.
This limits the ability to grow average rates, which are down 10% for the year-to-date period.
Overall, average rates are still at their lowest since September 2013, when the national average hit 14.
The average rate decline for small accounts was 6 percent, for medium accounts 10.
The last time average rates were this low was in September 2013 when the national average hit 14.
15, 2014 /PRNewswire/ -- Average rates on new card offers didn't budge this week, according to the CreditCards.
The agreement to reduce the average rates, approved by Insurance Commissioner Linda Ruthardt today, marks the third consecutive year in which average rates have been reduced.
The last time average rates were this high was in early January when the national average began the year at 15.

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