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.
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.