tax rate

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Definitions from WordNet

Noun tax rate has 1 sense

tax rate - rate used to calculate tax liability
--₁ is a kind of rate, charge per unit

Definitions from the Web

Tax Rate

Definition:

The tax rate refers to the percentage of income or the value of a transaction that is imposed by the government as a tax.

Usage:

- Please be aware of the current tax rates when filing your annual income tax returns.
- The tax rate for this particular product is 7%.
- The government has recently proposed an increase in the tax rates for high-income earners.
- The tax rate on imported goods has been reduced to encourage overseas trade.

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