marginal rate of tax

marginal rate of tax
The amount of extra tax that is incurred if a taxpayer earns £1 more than his or her current income. Under a progressive tax regime, the marginal rate of tax rises as incomes rise. See also ability to pay

Big dictionary of business and management. 2014.

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  • marginal rate of tax — The amount of extra tax that is incurred if a taxpayer earns £1 more than his or her current income. Under a progressive tax regime, the marginal rate of tax rises as incomes rise. See also: ability to pay …   Accounting dictionary

  • marginal rate of tax — /ˌmɑ:dʒɪn(ə)l reɪt əv tæks/, marginal rate of taxation /ˌmɑ:dʒɪn(ə)l reɪt əv tæks eɪʃ(ə)n/ noun the percentage of tax which a taxpayer pays at the top rate (which he therefore pays on every further pound or dollar he earns) ▪▪▪ ‘…pensioner groups …   Dictionary of banking and finance

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  • marginal tax rate — /ˌmɑ:dʒɪn(ə)l tæks reɪt/ noun same as marginal rate of tax …   Dictionary of banking and finance

  • Tax File Number — (TFN) is an 8 or 9 digit number issued by the Australian Taxation Office (ATO) to each taxpayer (individual, company, superannuation fund, partnership or trust) to identify their Australian tax dealings. In the past, individuals received a 9… …   Wikipedia

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  • Tax — Taxation An aspect of fiscal policy …   Wikipedia

  • tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …   Black's law dictionary

  • tax rate — The percentage of tax paid for different levels of income. Bloomberg Financial Dictionary * * * tax rate tax rate ➔ rate1 * * * tax rate UK US noun [C] TAX, FINANCE ► the percentage of an amount or value that has to be paid in tax: »Tax rates… …   Financial and business terms

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