How much tax a corporation pays to the government in your country? Here it is 5 to less than 5% depending on what is left over to be taxed and if not re-invested.
Corporate Income Tax Rates--2010, 2009, 2008, 2007, 2006, 2005
Taxable income over Not over Tax rate
$ 0 $ 50,000 15%
50,000 75,000 25%
75,000 100,000 34%
100,000 335,000 39%
335,000 10,000,000 34%
10,000,000 15,000,000 35%
15,000,000 18,333,333 38%
18,333,333 .......... 35%
The rates are more or less the same everywhere but a corporate has an advantage that they are taxed after they have spent a lot of their money including investments so they actually end up paying less than 5%.
by JOC 4 years ago
This article tended to resonate with how the left and the right view the issue.https://www.nytimes.com/2019/02/07/opin … union.html
by ga anderson 7 years ago
You work hard to build a fortune that you can pass on to your kids, or otherwise distribute however you desire on your passing. It is your money. Shouldn't you be able to do whatever you want with it, within our legal boundaries of course?What business does the government have taxing your estate...
by ptosis 5 years ago
yea or nea? Are you HAPPY! that the richest .01% get less taxes? I mean - they did earn it didn't they?Do they just work harder? Is everybody else just stupid and lazy? Hard work will only get you so far if circumstances aren’t amenable. Do you believe that “If you’re still poor at 35, you deserve...
by ga anderson 7 years ago
Much is heard of a demand that corporations and the wealthy pay their "fair share" of taxes, but I have heard little of what that share should be.With only a single restriction; that the discussion is about legal tax actions, what should that "fair share" be?One could say that...
by Scott Belford 4 years ago
The GOP sold gullible Americans on the promise their tax give-a-way to the rich and corporate America would mostly benefit the Middle Class. Why isn't it.They said all of this money staying in corporate coffers would go to investment, more jobs, and higher wages. It has been six months...
by Ralph Schwartz 5 years ago
Can someone define what their, or anyone else's "fair share" is?Each day I hear complaints about rich people not paying their "fair share" of taxes - someone define "fair share" for me.
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