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.
Delaware's Corporate Income Tax System. Delaware's corporate income tax system consists of a flat rate of 8.7%. That rate ranks 9th highest among states levying a corporate income tax. Delaware's state and local corporate income tax collections per person were $293 in 2012 which ranked 6th highest nationally.50-State Table of Corporate Income Tax Rates.elaware's corporate income tax system consists of a flat rate of 8.7%. That rate ranks 9th highest among states levying a corporate income tax. Delaware's state and local corporate income tax collections per person were $293 in 2012 which ranked 6th highest nationally. 50-State Table of Corporate Income Tax Rates.