Quote:

In the United States, the top marginal federal corporate rate for income over $18.3 million is 35% (it can be as low as 15% for income under $50,000). Most states also tax companies,[1] but the state tax is a deductible expense in calculating federal tax, so the overall tax rate is not simply the sum of the two tax rates.




See my example on deductions above and STFU.


[LoD]Couls
Lord Bald Plums

"Judas" The new Stretch since 2010!