tax rate

American  

noun

1. the percentage of the value of a property to be paid as a tax.

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tax rate British  

noun

1. the percentage of income, wealth, etc, assessed as payable in taxation

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Etymology

Origin of tax rate

First recorded in 1875–80

Example Sentences

BofA economists note that many of the bill’s measures are deductions, making them more valuable for households with more taxable income that pay higher tax rates on that income.

From Barron's

Reducing the tax rate on food to zero could lower consumer inflation and boost gross domestic product growth, DBS Group Research’s Ma Tieying said in commentary.

From The Wall Street Journal

Local media have reported that ruling Liberal Democratic Party has signaled willingness to consider temporarily reducing the consumption tax rate on food products to zero.

From The Wall Street Journal

Missouri has made some opening moves: Four years ago its top tax rate was 5.3%, firmly in the more expensive portion of the country.

From The Wall Street Journal

This can create what the industry calls a “tax explosion” for the surviving spouse, because that person will end up with a big balance and a single person’s tax rate.

From MarketWatch