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TeachMeFinance.com - explain Income Rate Income Rate The term 'Income Rate ' as it applies to the area of Medicare in the United States can be defined as ' The ratio of income from tax revenues on an incurred basis (payroll tax contributions and income from the taxation of OASDI benefits) to the HI taxable payroll for the year'. Previous 5 Terms: inclinometer In-Cloud Lightning inclusion-exclusion criteria Income insurance Income Protection (IP) Next 5 Terms: Income support income tax INCR Increased Cost of Compliance (ICC) increment borer About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.