âThe English and French gentry used patch boxes in which to keep beauty patches as well as patches to cover pox scars.â 2 A part of something marked out from the rest by a particular characteristic.
A corporate tax, also called corporation tax or company tax, is a tax on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. The taxes may also be referred to as income tax or capital tax.
Corporate Taxes. In addition to payroll tax contributions, the IRS collects corporate taxes from many types of corporate structures. Corporate tax is the equivalent to personal income tax, and the federal government levies it against the earnings and holdings of C corporations and some limited partnerships.