Effective Tax Rate
Effective Tax Rate means:
the rate at which a taxpayer would be taxed if his or her tax liability were taxed at a constant rate rather than progressively. The effective tax rate is computed by determining what percentage the taxpayer's tax liability is of his or her total taxable income. See average tax rate; contrast with the entry marginal tax rate.
U.S. and other Developed Countries International Tax Meaning
The rate at which a taxpayer would be taxed if his tax liability were taxed at a constant rate rather than progressively. This rate is computed by determining what percentage the taxpayer's tax liability is of his total taxable income.
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