Posted on May 3, 2019

A. Andrew Harrison CPA PC

Corporate tax rate increased 6%

For tax years beginning in 2018,
corporations (including qualified personal
service corporations) multiply taxable
income by 21%.

In 2017 tax Rate Schedule
It was 15% for the first $50,000
entered on form 1120 Schedule J line 2.

Everyone in that taxable income bracket paid it.

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