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2. Corporate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Corporate_tax_in_the...

   The present rate of tax on corporate income was adopted in the Tax Reform Act of 1986. [15] In 2010, corporate tax revenue constituted about 9% of all federal revenues or 1.3% of GDP. [16] The corporate income tax raised $230.2 billion in fiscal 2019 which accounted for 6.6 percent of total federal revenue and had seen a change from 9 percent ...

3. Corporate tax - Wikipedia

   en.wikipedia.org/wiki/Corporate_tax

   A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries.

4. Income tax - Wikipedia

   en.wikipedia.org/wiki/Income_tax

   An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income.

5. Corporate tax cut may have adverse effect on smaller, local ...

   www.aol.com/corporate-tax-cut-may-adverse...

   The proposal to cut the corporate income tax rate from 7.5% to 3.5% is aimed at making the state more attractive to businesses, particularly C-corporations, which are taxed directly on profits.

6. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   For federal individual (not corporate) income tax, the average rate paid in 2020 on adjusted gross income (income after deductions) was 13.6%. [1] However, the tax is progressive, meaning that the tax rate increases with increased income. Over the last 20 years, this has meant that the bottom 50% of taxpayers have always paid less than 5% of ...

7. America’s corporate tax rate is right where it should be - AOL

   www.aol.com/finance/america-corporate-tax-rate...

   'The reality is that the growth in jobs and wages is contingent on a healthy private sector,' writes former chair of Ways and Means Committee Kevin Brady.