For your assignment this week, first begin by analyzing eight elements of thought and reasoning and re-organize them into four distinct categories by pairing elements together. Next, briefly describe each new category you createdand present your reasoning for each category.
U.S. Corporation Tax Rate through 2016. It is common to say that the U.S. corporate tax rate is 35%, but the rate varies from 15% to 35%, depending on the amount of corporate income subject to tax for the year. If you want to calculate the corporate tax for your business, you will first need to know your taxable income.
1. Reforming the Corporate Tax Code. In 2010, the effective tax rate of large, profitable corporations in the U.S. was only 12.6 percent, not the 35 percent nominal tax Republicans and corporate tax lobbyists complain about. In 1953, the corporate income tax accounted for 32 percent of all federal revenue.