higher rate

noun

1. (in Britain) a rate of income tax that is higher than the basic rate and becomes payable on taxable income in excess of a specified limit

Example Sentences

"The advancements presented in our study push integrated diffraction operators to a higher rate, providing support for compute-intensive services in areas such as image recognition, assisted healthcare, and digital finance. We look forward to collaborating with partners who have data-intensive computational needs," concludes Chen.

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The basic rate of 20% applies to income between £12,571 and £50,27, while earnings from £50,271 to £125,140 are taxed at the higher rate of 40%.

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"We thought there would be a much higher rate of return," he acknowledged, pointing out that most of those who have returned from abroad had left often difficult conditions in neighbouring Jordan and Lebanon.

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Managers will be affected at a higher rate than individual corporate employees, said a Target spokesman.

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Economists polled by The Wall Street Journal expected a higher rate of 4.0%.

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