higher rate

British

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

"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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

S&P 500 companies are beating fourth-quarter earnings estimates at a higher rate than the long-term average, signaling a bright spot.

From Barron's

Some employers voluntarily pay a higher rate called the Real Living Wage, which is calculated by the Living Wage Foundation, a charity.

From BBC

The EU executive told senior diplomats if imports face a blanket 10-percent levy, pre-existing duties mean some products could end up being taxed at a higher rate than the trade deal's 15 percent.

From Barron's

Tinuke has started increasing her pension contributions to reduce the amount of her income that's subject to higher‑rate tax and student loan repayments.

From BBC

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023