Americans! How much taxes do you pay for...

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  • shima
    Confirmed User
    • May 2003
    • 1753

    #1

    Americans! How much taxes do you pay for...

    I'm wondering how much taxes do American companies pay for their yearly income? Do you have a certain percentage?
  • jscott
    jscizzle
    • Feb 2001
    • 25523

    #2
    if you have a normal job where the company takes taxes out per paycheck they get about 22-26% taxes taken

    if you're talking about adult sites etc it should'nt be as much because now you have business costs....tax deductable shit, hosting, advertising, computer hardware/software, internet costs etc etc
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    • TheSaint
      Confirmed User
      • Jun 2003
      • 991

      #3
      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.
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      • irishfury
        Confirmed User
        • Aug 2003
        • 2611

        #4
        Taxes AKA Legal Jack Moves
        Trust no one there all snakes

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        • scorpion3600
          Confirmed User
          • Jan 2003
          • 623

          #5
          I swear this is the stupidest tax code I've ever seen:

          39% 100,001-335,000

          Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.

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          • ...
            Confirmed User
            • Mar 2003
            • 370

            #6
            Originally posted by scorpion3600
            I swear this is the stupidest tax code I've ever seen:

            39% 100,001-335,000

            Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.
            Yea, that doesn't sound right.

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            • Why
              MFBA
              • Mar 2003
              • 7230

              #7
              Originally posted by scorpion3600
              I swear this is the stupidest tax code I've ever seen:

              39% 100,001-335,000

              Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.
              its the most unfavorable tax bracket to be in. thats why you get a really good accountant to either prop you over or it. or keep you under it... plus i think there is a flat fee involved in certain tax brackets as well as the percentage of income.

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              • playa
                Confirmed User
                • Feb 2001
                • 6432

                #8
                don't forget about sales tax

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                • crockett
                  in a van by the river
                  • May 2003
                  • 76818

                  #9
                  I was just looking for this info aswell... trying to find a table that gives the tax deductions that employers go by for their workers...

                  anyone know of one off hand?
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                  • TheSaint
                    Confirmed User
                    • Jun 2003
                    • 991

                    #10
                    Originally posted by scorpion3600
                    I swear this is the stupidest tax code I've ever seen:

                    39% 100,001-335,000

                    Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.
                    Its the infamous "bubble" created a few years ago late at night in a deal in Congress.

                    Remember, it does not help you to get above the bubble. You still pay 39% on every dollar for 100K to 335K.
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                    • lexr
                      Confirmed User
                      • Jul 2003
                      • 428

                      #11
                      Originally posted by TheSaint


                      Its the infamous "bubble" created a few years ago late at night in a deal in Congress.

                      Remember, it does not help you to get above the bubble. You still pay 39% on every dollar for 100K to 335K.
                      Yeah, pretty stupid. I get asked about that by like one third of my clients. It's the dumbest thing ever created. I can almost understand higher tax rates as you move up in the brackets, but definitely not bubbles like that. Why go up and then go back down in %? Someone was on crack one day at work.
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                      • I Am The Walrus
                        Confirmed User
                        • Aug 2003
                        • 1000

                        #12
                        what are 'taxes' ?

                        and why would i need to pay them if i am running porn sites?
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                        • SpeakEasy
                          Confirmed User
                          • Sep 2002
                          • 2681

                          #13
                          Originally posted by playa
                          don't forget about sales tax
                          also, state taxes, fica, unemployment, etc.... Federal tax is not the only tax that has to be paid
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                          • slapass
                            Too lazy to set a custom title
                            • Nov 2002
                            • 14625

                            #14
                            but if you hit the bubble the SE tax falls off. So saving that 15% there.

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                            • lexr
                              Confirmed User
                              • Jul 2003
                              • 428

                              #15
                              Originally posted by slapass
                              but if you hit the bubble the SE tax falls off. So saving that 15% there.
                              12.4%

                              Still got to pay the 2.9% to Medicare since it has no ceiling.

                              But that only applies to your personal income and not on the tax on money belonging to the corporation.
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                              • Paul Markham
                                Too old to care
                                • Jun 2001
                                • 52942

                                #16
                                Originally posted by I Am The Walrus
                                what are 'taxes' ?

                                and why would i need to pay them if i am running porn sites?
                                The way you talk I doubt if you are old enough to pay tax.

                                Wait until you leave school and start flipping burgers, then you will understand.



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