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.
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.