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TAX RATE SCHEDULES FOR 2005
CORPORATION INCOME TAX RATES FOR 2005
|
Taxable
Income
Over |
But
Not Over
|
Pay
|
+
% on Excess
|
of
the amount
over- |
|
$0-
|
$50,000
|
$0
|
15%
|
$0
|
|
50,000
|
75,000
|
7,500
|
25
|
50,000
|
|
75,000
|
100,000
|
13,750
|
34
|
75,000
|
|
100,000
|
335,000
|
22,250
|
39
|
100,000
|
|
335,000
|
10,000,000
|
113,900
|
34
|
335,000
|
|
10,000,000
|
15,000,000
|
3,400,000
|
35
|
10,000,000
|
|
15,000,000
|
18,333,333
|
5,150,000
|
38
|
15,000,000
|
|
18,333,333
|
........
|
0
|
35
|
0
|
Taxable income of certain personal service corporations is taxed at a flat rate of 35%.
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