What was the 2016 corporate tax rate?
What was the 2016 corporate tax rate?
8.8% 28.0%
| State | Corporate Tax Rate | Combined States and Federal Corporate Tax Rate |
|---|---|---|
| California | 8.8% | 28.0% |
| Colorado | 4.6% | 24.7% |
| Connecticut | 8.3% | 27.5% |
| Delaware | 8.7% | 27.9% |
What was the corporate tax rate in the 1970s?
Federal Corporate Income Tax Rates
| Year | Rate Brackets or Exemptions | Rate (a) |
|---|---|---|
| 1970 | First $25,000 (Normal Rate) Over $25,000 (Add Surtax of 26%) With 2.5% Surcharge (c) First $25,000 (Normal Rate) Over $25,000 (Add Surtax of 26%) | 22% 48% 22.55% 49.20% |
| 1971-1974 | First $25,000 (Normal Rate) Over $25,000 (Add Surtax of 26%) | 22% 48% |
What was the corporate tax rate in 2018?
21%
Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% due to the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions.
What was the corporation tax rate in 2015?
The Tax Cut and Jobs Act (TCJA) reduced the top corporate income tax rate from 35 percent to 21 percent, bringing the US rate below the average for most other Organisation for Economic Co-operation and Development countries, and eliminated the graduated corporate rate schedule (table 1).
What was the corporate tax rate in 1976?
For Tax Years 1969 through 1976, the tax was 10 percent of tax preferences in excess of $30,000; after 1976, the tax was 15 percent of preferences in excess of the greater of $10,000 or regular income tax. Rates include the Vietnam War surcharge of 10 percent.
What was the corporate tax rate in 1978?
Thus, effective October 1, 1978, the corporate rate will be 18 percent of the first $25,000 of taxable income, 20 percent of the next $25,000 and 45 percent of taxable income in excess of $50,000. Effective January 1, 1980, the top rate will decline to 44 percent.
What is the corporate capital gains tax rate of 2018?
Use Section A to report all built-in gains subject to the 8.84% tax rate (10.84% for financial S corporations). Use Section B to report all other capital gains subject to the 1.5% tax rate (3.5% for financial S corporations).
