|
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)
| 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 |
|
