tax rate

(redirected from Marginal rate)
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rate used to calculate tax liability

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References in periodicals archive ?
his successors extended this to assert that marginal rates should drop
The current top marginal rate of 20% is the lowest in the country since 1973.
In mathematical economics, marginal rate of substitution is employed to calculate the relative marginal utility.
At each constant product, it is evident that there will be a similar shape, in that the marginal rate of substitution diminishes throughout.
In addition as part of a tax planning exercise to avoid a potential 55 per cent tax charge on death, individuals were withdrawing income up to the maximum limits subject to their marginal rate of tax, usually 40 per cent, to avoid these excessive tax charges on death.
When you draw benefits from the pension, you would be able to draw 25% of the fund tax-free, with the balance at your marginal rate of tax.
The new rules come into force in April 2015 with the pension freedoms outlined in the Budget, which mean all pension savers aged 55 and over will be able to draw down from their pension fund at their marginal rate of income tax.
In both cases you will get the same donation receipt ($2,000) worth about $900 at a personal marginal rate of, say, 45 per cent, and the charity ends up with $2,000 (either cash or marketable securities).
For 2015, the ministry estimates the economy will return to growth with a marginal rate of 0.
The first 25% will be tax free and the rest taxed at your marginal rate.
The small profits rate is paid by companies with profits under PS300,000 and there is a marginal rate which applies to companies between PS300,000 and PS1.
Camp has said he wants to clear out deductions, exclusions and other long-time tax code subsidies enough to lower individual taxes to a top marginal rate of 25 percent, down from the current 39.
As a point of clarification, members need to be aware that cashing out annual leave has taxation implications depending on your current marginal rate, how close to the next marginal rate your salary is, and if the amount you are cashing out will take you into another marginal tax rate.
In the years from 1956 to 1969, the top marginal rate fell modestly, but was still a lofty 70 percent a and the tax rate on capital gains inched up to 27.
The top marginal rate for individuals is currently 35 percent for ordinary income and 15 percent for long-term capital gains.
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