Corporate Tax Rates
| 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 |
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Please Note: These rates are effective for the years 1998, 1999, 2000, 2001 and 2002. Qualified personal service corporations are taxed at a flat rate of 35%. They cannot use the graduated scale above.
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