from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A rate, usually a percentage rate, at which something is taxed.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. rate used to calculate tax liability
Sorry, no etymologies found.
As Mr. Nothhaft notes: "America now has the highest corporate tax rate in the world," with the exception of Japan—and if state taxes are figured in, we beat the Japanese too.
He came into office after World War I facing a mountain of war debt, but instead of raising taxes, he cut the tax rate and government revenues increased, permitting him to eliminate the wartime debt and proving that the principle mentioned by Ibn Khaldoon about lower tax rates meaning greater tax revenues still worked in the modern world.
His shochu will therefore have a lower tax rate and be easier to sell.
Multinational corporations are again swarming the Hill, trying to give Democrats and Republicans a reason to give tax amnesty in the form of a highly discounted tax rate of just over 5 percent to bring money back from offshore locations.