WILLIAM D. JOHNSON, CPA

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Business Retention
Individual Retention
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Corporate Tax Rates
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Income Phaseout Levels
Timeline for Changes
New in 2006

 

Corporate Tax Rates*


 

Tax Rate

 

Taxable Income

 

15%

$                      1 - 50,000

 

25%

50,001 - 75,000

 

34%

75,001 - 100,000

 

39%

100,001 - 335,000

 

34%

335,001 - 10,000,000

 

35%

10,000,001 - 15,000,000

 

38%

15,000,001 - 18,333,333

 

35%

over 18,333,333

 

* Personal service corporations pay a flat 35%.

 


 

 

 

This page was last modified on September 28, 2006 09:09 AM