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higher rate
noun
- (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
Example Sentences
That’s a higher rate than was found even two years earlier.
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.
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.
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.
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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