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Corporate Tax Rates

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U.S. Corporation Tax Rate
It is common to say that the U.S. corporate tax rate is 35%, but the rate varies from 15% to 35%, depending on the amount of corporate income subject to tax for the year.

Using the table below, here is an example of how to compute your corporate tax amount:
If your corporate net income is $8,000,000, your tax would be:

  • $113,900, plus
  • 34% of income over $335,000 and under $10,000,000. The income over $335,000 is $7,665,000.
  • 34% of $7,665,000 is $2,606,100.
  • So your total corporate tax is $113,900 plus $2,606,100 = $2,720,000.

Tax Rate Schedule (2005 through 2014)

If taxable income (line 30, Form 1120) on page 1 is:

Over But not over Tax is Of amount over
$0 $50,000 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 ____ 35% 0

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