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.
Taxes Paid. In 2008, corporations paid $228,522,752,000 of taxes during the year. This amount was on net income of $1,806,889,716,000. This is an average of $39,082 in taxes paid per corporation for all corporations that filed a return. For corporations that paid taxes, the average tax paid was $71,776.26.he effective tax rate is how much the corporation paid in taxes on each dollar of the company's net income. Since the United States has different tax rates for different levels of income, the effective tax rate acts as an average tax rate during the year.