Tax Rate
A fraction of a tax base an individual or company is legally required to transmit to the government.
For example, consider an individual with an income tax rate of 20%. For every $100,000 that individual makes, $20,000 must be paid as tax to the government.
For example, consider an individual with an income tax rate of 20%. For every $100,000 that individual makes, $20,000 must be paid as tax to the government.