Accounting

CORPORATE TAX RATES

TBL-1007 Corporate Income Tax Rates

Taxable Years Beginning After Dec. 31, ’92

If taxable income is: The tax is:
Not over $50,000 15% of taxable income
Over $50,000 but not over $75,000 $7,500 plus 25% of the amount over $50,000
Over $75,000 but not over $100,000 $13,750 plus 34% of the amount over $75,000
Over $100,000 but not over $335,000 $22,250 plus 39% of the amount over $100,000
Over $335,000 but not over $10,000,000 $113,900 plus 34% of the amount over $335,000
Over $10,000,000 but not over $15,000,000 $3,400,000 plus 35% of the amount over $10,000,000
Over $15,000,000 but not over $18,333,333 $5,150,000 plus 38% of the amount over $15,000,000
Over $18,333,333 35% of taxable income

Qualified personal service corporations are taxed at a flat 35% tax rate.