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TheSaint · 08-31-2003, 02:43 PM

For 2002, this is the corporate rate:

2002 Corporate Tax Rates

Rate Taxable Income

15% $0-50,000
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 is on NET income, so if you are the director and you happen to pay yourself a bonus equal to your net income, then the tax is 0.

But most states have a corporate tax too, or at least a franchise fee.

08-31-2003, 02:43 PM
TheSaint Confirmed User Join Date: Jun 2003 Location: Everywhere at once Posts: 991	For 2002, this is the corporate rate: 2002 Corporate Tax Rates Rate Taxable Income 15% $0-50,000 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 is on NET income, so if you are the director and you happen to pay yourself a bonus equal to your net income, then the tax is 0. But most states have a corporate tax too, or at least a franchise fee.