C Corporation Tax Rates

Personal Service Corporations pay a flat rate of 35%

 

 

 Federal Tax Rates

 

 

Taxable Income ($) Tax Rate
0 to 50,000 15%
50,000 to 75,000 $7,500 + 25% Of the amount over 50,000
75,000 to 100,000 $13,750 + 34% Of the amount over 75,000
100,000 to 335,000 $22,250 + 39% Of the amount over 100,000
335,000 to 10,000,000 $113,900 + 34% Of the amount over 335,000
10,000,000 to 15,000,000 $3,400,000 + 35% Of the amount over 10,000,000
15,000,000 to 18,333,333 $5,150,000 + 38% Of the amount over 15,000,000
18,333,333 and up 35%

 

State Corporate Income Tax Rates (2010)

 

State Tax Rate(s) Tax Bracket(s)

Alabama 6.5% $0
Alaska 1%

2%
3%
4%
5%
6%
7%
8%
9%
9.4%

$0

$10K
$20K
$30K
$40K
$50K
$60K
$70K
$80K
$90K

Arizona 6.968% $0
Arkansas 1%

2%
3%
5%
6%
6.5%

$0

$3K
$6K
$11K
$25K
$100K

California 8.84% $0
Colorado 4.63% $0
Connecticut 7.5% $0
Delaware 8.7% $0
Florida 5.5% $0
Georgia 6% $0
Hawaii 4.4%

5.4%
6.4%

$0

$25K
$100K

Idaho 7.6%
$0
Illinois 7.3%
$0
Indiana 8.5%
$0
Iowa 6%
8%
10%
12%
$0

$25K
$100K
$250K

Kansas 3%
$0
Kentucky 4%
5%
6%
$0

$50K
$100K

Louisiana 4%
5%
6%
7%
8%
$0

$25K
$50K
$100K
$200K

Maine 3.5%
7.93%
8.33%
8.93%
$0

$25K
$75K
$250K

Maryland 8.25%
$0
Massachusetts 8.8%
$0
Michigan  4.95%
$0
Minnesota 9.8%
$0
Mississippi 3%
4%
5%
$0

$5K
$10K

 

Missouri 6.25%
$0
Montana 6.75%
$0
Nebraska 5.58%
7.81%
$0

$100k

Nevada None None
New Hampshire 8.5%
$0
New Jersey  9%
$0
New Mexico 4.8%
6.4%
7.6%
$0

$500K
$1M

New York  7.1%
$0
North Carolina 6.9%
$0
North Dakota 2.1%
5.3%
6.4%
$0

$25K
$50K

Ohio  0.26%
$0
Oklahoma 6%
$0
Oregon 6.6%
7.9%
$0

$250K

Pennsylvania  9.99%
$0
Rhode Island 9%
$0
South Carolina 5%
$0
South Dakota None None
Tennessee 6.5%
$0
Texas Franchise Tax rate Franchise Tax rate
Utah 5%
$0
Vermont 6%
7%
8.5%
$0

$10K
$25K

Virginia 6%
$0
Washington None None
West Virginia 8.5%
$0
Wisconsin 7.9% 0
Wyoming None None
District of Columbia     9.975%
$0
 
Rebu Financial and Tax Services
Rebu Financial and Tax Services