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 state's CUs also edged out banks on credit cards with the average rate at 11.
The average rate dropped only $42 from the rate four years ago.
Currently, the average rate for the top ten pounds 7,500 loans is 6.
The New York City lodging market ended 2001 with an overall occupancy of 73% and average daily rate of $192 -- far short of the remarkable numbers achieved in 2000, when city occupancies hovered well above 80% and average rates were over $220.
California's average rates have risen along with the nation's, but stayed slightly lower.
Table 18: Effective average rates of duty on US textile and clothing imports from selected sources, 1999-2004
6 December 2013 - Average rates on new credit card offers remained at 15.
WASHINGTON -- Commercial property/casualty premiums continued to soften during the first quarter of 2005, with the average rates for all sizes of accounts reaching their lowest levels since the commercial insurance market peaked in the fourth quarter of 2001.
LIPA's ability to achieve projected results is enhanced by the breadth and demographics of the customer base, including income levels that buffer high average rates of 12.
The results for 1996 and the comparative figures for 1995 have been translated at constant average rates of exchange, being the annual average rates for 1995.
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.
1 follow three consecutive years in which the UNITIL companies have reduced average rates to their retail customers.

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