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 ?
The Orange County average rate has fallen 16 consecutive days after a 7-day streak of hikes.
The average rate for those with credit scores between 680 and 719 was 4.
However, consumers keen to borrow smaller amounts pay considerably more, with average rates on pounds 3,000 advances at their highest levels for six months, the research revealed.
People who were taking out a one-year fixed rate bond could get an average rate of 2.
8 percent a year--less than the average growth rate for the Nation, but 4 times the average rate for the rest of New York State.
As mentioned above, this dispensation of applying a minimum average rate is harsh for the lower salaried employees.
Lenders who have not been bailed out by the Government, such as Abbey, HSBC and Nationwide, charge new buyers an average rate of only 4.
Also ranked high among the 50 states is the New York average rate of $1,083 and Connecticut at $991, according to the listing.
With 1,153,000 in work in the North East, it leaves the region needing an extra 56,000 jobs to meet the UK average rate, or an extra 144,000 to hit Labour's 80% goal.
0% is expected in 2006, primarily fueled by a strong growth in average rate, caused by an overall improved economic climate, strong barriers to entry, limited new supply, and increased compression.
The largest temblor in 40 years occurred along a subduction zone where the immense fragment of Earth's crust known as the India plate is forced beneath the Burma plate at an average rate of 6 centimeters per year.
This project was designed to determine more information about the average rate of movement, average distance from a wetland, habitat usage, and home range of the snake.

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