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higher rate

noun

  1. (in Britain) a rate of income tax that is higher than the basic rate and becomes payable on taxable income in excess of a specified limit
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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That’s a higher rate than was found even two years earlier.

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Though this group generally pays taxes at a higher rate than comparable U.S. citizens, advocates warn that the IRS-ICE team-up could have a chilling effect.

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The latest request came last month when Edison asked the commission to allow it to pay a higher rate of return to shareholders to boost Wall Street’s confidence in its finances after the L.A. fires.

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US President Donald Trump has brought in import taxes on dozens of countries since re-entering the White House, although on Wednesday he paused the higher rate on some of them.

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The levy is in line with that charged on products from a range of other countries, including Turkey and Singapore, whilst other trading partners have been hit with a higher rate, with the European Union facing a tariff of 20%.

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