Definition of caveat emptor. : a principle in commerce: without a warranty the buyer takes the risk Caveat emptor is a reasonable approach for many consumer products.
The United States imposes a tax on the profits of US resident corporations up to a maximum rate of 35 percent. The corporate income tax is the third largest source of federal revenue, after the individual income tax and payroll taxes, and raised $343.8 billion in fiscal 2015. The United States taxes the profits of US resident corporations at graduated rates ranging from 15 to 35 percent.
California Corporate Income Tax Brackets. California has a flat corporate income tax rate of 8.840% of gross income. The federal corporate income tax, by contrast, has a marginal bracketed corporate income tax.California's maximum marginal corporate income tax rate is the 9th highest in the United States, ranking directly below Maine's 8.930%.