What is a 'Tax Rate'. A tax rate is the percentage at which an individual or corporation is taxed. The tax rate is the tax imposed by the federal government and some states based on an individual's taxable income or a corporation's earnings. The United States uses a progressive tax rate system, where the percentage of tax increases as taxable income. Next Up.
Escheat is the reversion of property to a state when that property is lacking claimants or heirs. In the oil & gas industry, the property is usually an unclaimed oil and gas royalty or override payment.
Denatured alcohol, also known as methylated spirits, is ethanol with additives to make it poisonous or unpalatable and sometimes dyed to give it color. Since most parts of the world heavily tax and control alcohol meant for consumption, these additives get around those issues.