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Bookmark or Share- Historical Corporate Income Tax Rates & Brackets, 1909-2020Historical Federal Corporate Income Tax Rates and Brackets, 1909 to 2020. For tax years beginning after 2017, the Tax Cuts and Jobs Act (P.L. 115-97) replaced the graduated corporate tax structure with a flat 21% corporate tax rate. taxable income over $10 million.
- Federal Corporate Income Tax RatesOn Jan. 1, 2018, the corporate tax rate was changed from a tiered structure that staggered corporate tax rates based on company income to a flat rate of 21% for all companies. (a) In addition to the rates shown, certain types of ‘excess profits’ levies were in effect in 1917-1921 and 1933-1945.
- Corporate tax in the United States - WikipediaSince January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following 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.
- Corporate Tax: Definition, Deductions, How It Works - InvestopediaThe federal corporate tax rate in the United States is 21%, and it applies to a corporation's profits. The taxes are paid on a company's taxable income, which includes revenue minus expenses.
- Publication 542 (01/2024), Corporations | Internal Revenue ServiceTax Rates. Corporations, including qualified personal service corporations, figure their tax by multiplying taxable income by 21% (0.21).
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