tax rate (Meaning)
Wordnet
tax rate (n)
rate used to calculate tax liability
Synonyms & Antonyms of tax rate
No Synonyms and anytonyms found
tax rate Sentence Examples
- The government announced a significant increase in the corporate tax rate to fund infrastructure projects.
- The marginal tax rate for high-income earners has been reduced in an effort to stimulate economic growth.
- The tax rate on capital gains has been lowered to encourage investment and job creation.
- The government is considering implementing a progressive tax rate system, where wealthier individuals pay a higher percentage of their income in taxes.
- The sales tax rate in this state is 6%, which is among the lowest in the nation.
- The property tax rate is determined by the local government and can vary significantly from one municipality to another.
- The payroll tax rate is used to fund Social Security and Medicare programs.
- The effective tax rate is the actual percentage of income that is paid in taxes, taking into account deductions and credits.
- The tax rate for small businesses is often lower than for larger corporations, to encourage entrepreneurship.
- Reducing the tax rate on businesses can lead to more investment and job creation, but it can also reduce government revenue.
FAQs About the word tax rate
rate used to calculate tax liability
No synonyms found.
No antonyms found.
The government announced a significant increase in the corporate tax rate to fund infrastructure projects.
The marginal tax rate for high-income earners has been reduced in an effort to stimulate economic growth.
The tax rate on capital gains has been lowered to encourage investment and job creation.
The government is considering implementing a progressive tax rate system, where wealthier individuals pay a higher percentage of their income in taxes.
