MLchartDataset catalogue

Effective tax rate

Term · Insurance and risk management · MLC-T-INS-001261

The actual percentage of income that an individual or corporation pays in taxes, calculated by dividing the total tax paid by the total taxable income. This rate differs from the statutory tax rate, which is the legally imposed rate before deductions, credits, and exemptions are applied. It provides a more accurate picture of the tax burden on earnings.

Table 1. Record
IdentifierMLC-T-INS-001261
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001261",
  "term": "Effective tax rate",
  "field": "Insurance and risk management",
  "definition": "The actual percentage of income that an individual or corporation pays in taxes, calculated by dividing the total tax paid by the total taxable income. This rate differs from the statutory tax rate, which is the legally imposed rate before deductions, credits, and exemptions are applied. It provides a more accurate picture of the tax burden on earnings.",
  "url": "https://mlchart.com/terminology/insurance/effective-tax-rate/"
}

Record 1,109 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.