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| |
Federal Income Tax
Rates for Corporations
| For
Taxable Corporate Income |
| from |
to |
The Tax Is |
Plus |
Of the Amount
Over |
| $ 0 |
$ 50,000 |
$ 0 |
15% |
$ 0 |
| 50,000 |
75,000 |
7,500 |
25% |
50,000 |
| 75,000 |
100,000 |
13,750 |
34% |
75,000 |
| 100,000 |
335,000 |
22,250 |
39% |
100,000 |
| 335,000 |
10,000,000 |
113,900 |
34% |
335,000 |
| 10,000,000 |
15,000,000 |
3,400,000 |
35% |
10,000,000 |
| 15,000,000 |
18,333,333 |
5,150,000 |
38% |
15,000,000 |
| 18,333,333 |
---------- |
6,416,667 |
35% |
18,333,333 |
| A personal
services corporation, also known as a professional corporation, is
taxed at a flat rate of 35% of taxable corporate income, meaning that
the benefit of the lower brackets is not available. |
|
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