the willful giving of false testimony under oath or affirmation, before a competent tribunal, upon a point material to a legal inquiry. nonperjury, noun, plural nonperjuries. For example, Martha Stewart was pilloried at the time of her 2004 perjury trial for carrying a Birkin Bag to court with her.
What is the 'Effective Tax Rate'. The effective tax rate is the average rate at which an individual or corporation is taxed. The effective tax rate for individuals is the average rate at which their earned income is taxed, and the effective tax rate for a corporation is the average rate at which its pre-tax profits are taxed.
Despite statutory rates hovering near 39% for the last 25 years, effective tax rates have been gradually decreasing (see Exhibit 2). At 30%, the current S&P 500 median effective tax rate is almost 10 percentage points below the statutory level, and close to the global statutory average. The aggregate tax rate has averaged 33% over the past 10 years and was 26% over the past four quarters.