tax rate

noun

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

tax rate

noun

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

Word History and Origins

Origin of tax rate¹

First recorded in 1875–80

Example Sentences

It was true that the 2017 reduction of the corporate tax rate to 21% brought America into line with the statutory tax rate in other developed countries — call it the list price.

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Meanwhile, who will decide when the tax rate needs to increase, and how?

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Some will also convert to Roth accounts if the tax rate is favorable and they do not intend to leave the funds to charity upon their death.

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In it, the think tank urged wider reform to the tax system which would align "overall tax rates across different forms of income", something it says would be "fairer and more growth friendly".

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“What are the indications? Just look at the tax rates,” he said.

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