Free Review
Tax FAQs
Tools & Tips
| Corporate Income Tax Rates |
|
The rates for domestic corporations (other than qualified personal service corporations) are:
------------------------------------------------------------------------------------- If Taxable Income is: Over But not over Your tax is: Tax: ------------------------------------------------------------------------------------- $- $50,000 $- Plus 15% $- = ------------------------------------------------------------------------------------- $50,000 $75,000 $7,500.00 Plus 25% $50,000 = ------------------------------------------------------------------------------------- $75,000 $100,000 $13,750.00 Plus 34% $75,000 = ------------------------------------------------------------------------------------- $100,000 $335,000 $22,250.00 Plus 39% $100,000 = ------------------------------------------------------------------------------------- $335,000 $10,000,000 $113,900.00 Plus 34% $335,000 = ------------------------------------------------------------------------------------- $10,000,000 $15,000,000 $3,400,000.00 Plus 35% $10,000,000 = ------------------------------------------------------------------------------------ $15,000,000 $18,333,333 $5,150,000.00 Plus 38% $15,000,000 = ------------------------------------------------------------------------------------- $18,333,333 and over $- Plus 35% = ------------------------------------------------------------------------------------- A qualified personal service corporation is taxed at a flat 35% of its taxable income. |
