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.
Expanding the sample of countries and tax jurisdictions to 173, the U.S.âs corporate tax rate of 39 percent is the third highest in the world, tied with Puerto Rico and lower only than the United Arab Emirates and Chad, which have rates of 55 and 40 percent, respectively.