Tax Rate Definition

noun
The percentage of income, property value, etc. assessed as tax.
Webster's New World

A percentage of net income used to compute one’s income tax liability. Currently, there are three brackets for computing federal income tax. The percentage one pays increases, as income increases, enough to move one from one bracket into a higher one of those three. See also tax.

Webster's New World Law

Other Word Forms of Tax Rate

Noun

Singular:
tax rate
Plural:
tax rates

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tax rate