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FEDERAL PROGRE$$IVE

C- CORPORATION

INCOME TAX RATE SCHEDULE

Taxable Income  

 Tax

$0   -  $50,000  

x 15% - $0

$50,001 - $75,000  

x 25% - $5,000

$75,001 - $100,000  

x 34% - $11,750

$100,001 - $335,000  

x 39% - $16,750

$335,001 - $10,000,000  

x 34% - $0

$10,000,001 - $15,000,000  

x 35% - $100,000

$15,000,001 - $18,333,333  

x 38% - $550,000

$18,333,334 & over  

x 35% - $0

 

Unlike rates for 1040s, these have not been changed for several years and are not adjusted for inflation.

While the last bracket appears to be a reduction, a flat tax of 35% effectively eliminates all of the lower tax brackets. 

 

 

 

This page was most recently modified on:
 Sunday, January 29, 2012

 

Kerry M. Kerstetter
MBA~CPA~ATP~ATA
11802 Deer Road
Harrison, AR  72601
E-Mail: KMKCPA@TaxGuru.org
Web: www.TaxGuru.org
Main Blog: Blog.TaxGuru.net
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