Friday, September 20, 2024
Why not modify the Corporate tax Rates?
Modify the Corporate Tax Rates
Why not modify the Corporate Tax Rates? Why not have a rate that increases with the more a company makes in profits? The current corporate tax rate is 21 %.
Company’s Profit Tax + ____ % over
$0 - $3.5 million $0 13.125 $0
$3.5 million - $15.5 million $459,375 17 $3.5 million
$15.5 million - $65.5 million $2,499,375 22.25 $15.5 million
Over 65.5 million $13,624375 29 $65.5 million
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