[DeTomaso] NPC - Corporate taxes

MACHWIL at aol.com MACHWIL at aol.com
Mon Nov 8 16:58:22 EST 2010


Bob,
 
Thank you for both the correct info on taxes and your hope for ending of  
this thread.
 
Bud Williams
 
 
 
 
 
 
     
 
In a message dated 11/8/2010 12:52:22 P.M. Pacific Standard Time,  
P6746 at aol.com writes:

Hopefully the end of the thread.

C corporation tax rates since  July 1, 1987:

first  50000           15%
next  25000           25%
next  25000           34%
next  235000         39%  (the add'l 5% is to eliminate the exemption  
for the lower rates on the  first       75000  thus an overall maximum  
rate 
of 34%)
over  335000   34%

S corporation rates  are the same as individual rates.

Bob Reid,  CPA
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