Marginal Tax Rate definition

Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

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Marginal Tax Rate means the maximum marginal regular federal individual income tax rate applicable to an individual’s or a corporation’s ordinary income, whichever is greater.

Marginal Tax Rate means the maximum combined marginal rate of tax expressed as a fraction to which the Company is subject for the applicable Fiscal Year, including Federal, New York State and New York City income taxes (including any minimum or alternative tax), net of any tax benefit resulting from the deductibility of state and local taxes for federal income tax purposes.

Examples of Marginal Tax Rate in a sentence

• In the Initial Taxable Year, Tax Benefits and Tax Costs shall be taken into account by the Class A Member by assuming that the Class A Member will incur on the first day of such Taxable Year the aggregate amount of all Tax Costs and Tax Benefits accrued in all previous Taxable Years at the Highest Marginal Tax Rate.

• Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

• The "Marginal Tax Rate" for any particular Fiscal Year shall be the sum of: (A) the highest tax rate that would be imposed on any Member under either Section 1 or 11 of the Code, whichever is higher, for that Fiscal Year, plus (B) the highest marginal tax rate for corporate taxation, or the highest marginal tax rate for individual taxation, whichever marginal rate is higher, of the State of California.

• The “Tax Distribution Amount” shall be determined for each Fiscal Year by: (A) multiplying the Marginal Tax Rate (as defined below) for that Fiscal Year by the taxable income of the Company (as determined under Code Section 703(a)) for that Fiscal Year, and subtracting (B) the sum of all other distributions (except for payment of any Priority Return) with respect to such Fiscal Year.

• For purposes of calculating and determining Tax Costs, each Class A Member shall be treated as taxable at the Highest Marginal Tax Rate with respect to any Tax Cost allocated to it during a Taxable Year in excess of the sum of (x) Tax Benefits allocated to it in such Taxable Year, plus (y) any Tax Benefit Carryforward available to it from a previous Taxable Year.

More Definitions of Marginal Tax Rate

Marginal Tax Rate means the ordinary rate of income tax charged on the Optionee’s last dollar of income.

Marginal Tax Rate means the marginal combined regular Federal and Massachusetts income tax rate applicable to ordinary income (taking into account the Federal income tax deductibility of state and local income tax paid or incurred) or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

Marginal Tax Rate means the ordinary rate of income tax charged on the Service Provider’s last dollar of income.

Marginal Tax Rate for any particular Fiscal Year shall be the highest tax rate that would be imposed on any Member under either Section 1 or 11 of the Code, whichever is higher, for that Fiscal Year.

Marginal Tax Rate means the maximum marginal regular federal individual income tax rate applicable to an individual's or a corporation's ordinary income, whichever is greater. "Market Value" of any asset of the Trust shall be the market value thereof determined by the Pricing Service. Market Value of any asset shall include any interest accrued thereon. The Pricing Service shall value portfolio securities at the quoted bid prices or the mean between the quoted bid and asked price or the yield equivalent when quotations are not readily available. Securities for which quotations are not readily available shall be valued at fair value as determined by the Pricing Service using methods which include consideration of: yields or prices of securities of comparable quality, type of issue, coupon, maturity and rating; indications as to value from dealers; and general market conditions. The Pricing Service may employ electronic -17- data processing techniques and/or a matrix system to determine valuations. In the event the Pricing Service is unable to value a security, the security shall be valued at the lower of two dealer bids obtained by the Trust from dealers who are members of the National Association of Securities Dealers, Inc. and who make a market in the security, at least one of which shall be in writing. Futures contracts and options are valued at closing prices for such instruments established by the exchange or board of trade on which they are traded, or if market quotations are not readily available, are valued at fair value on a consistent basis using methods determined in good faith by the Board of Trustees of the Trust. "Maximum Applicable Rate," with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws. "Maximum Potential Gross-Up Dividend Liability" means, as of any Valuation Date, the aggregate amount of Gross-Up Dividends that would be due if the Trust were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Trust, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Gross-Up Dividends are fully taxable. "Moody's" means ▇▇▇▇▇'▇ Investors Service, Inc. or its successors. "Moody's Discount Factor" shall mean, for purposes of determining the Discounted Value of any Moody's Eligible Asset, the percentage determined by reference to the rating o...

Marginal Tax Rate means, for a particular period, a federal income tax rate and where appropriate a state income tax rate determined by the Manages) after taking into account the Profits and Losses of the Company for such period. For any particular period, the same “Marginal Tax Rate” shall be applied to all of the Members.

Marginal Tax Rate means the sum of (a) the highest marginal tax ----------------- rate, including any surcharge, that could be applicable to the Plan Sponsor for federal income tax purposes for the taxable year for which the determination is being made and (b) the tax-effected composite of the highest marginal tax rates, including any surcharges, for state income tax purposes, e.g., the product of (i) the composite of the highest marginal state tax rates imposed on the members of the Plan Sponsor's consolidated group and (ii) one minus the federal marginal highest tax rate, that apply to the Plan Sponsor and its affiliates for the same taxable year being used for purposes of part (a), above. For example, the 1998 Marginal Tax Rate (assuming the composite of the highest marginal state tax rates is ten percent (10%)) is the sum of 35% (the highest marginal federal tax rate) and 6.5% (the tax-effected composite marginal state tax rate).