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Corporate Tax Rates

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   Corporate Tax Rates

 

 

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TAXABLE INCOME

TAX

OVER

BUT NOT OVER

TAX IS

OF THE 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

---

6,416,667
+ 35%
18,333,333

  

Please Note:  These rates are effective for the years 1998 through 2004.

Qualified personal service corporations are taxed at a flat rate of 35%.  They cannot use the graduated scale above.