JT SHULMAN & COMPANY: Tax Rate Schedules

Tax Base	Tax rates
Entire net income base for general business taxpayers	.075
Entire net income base for qualified small business taxpayers Entire net income of $290,000 or less:	.065 • $18,850 • plus 7.5% of the amount over $290,000, • plus 7.25% of the amount over $350,000
Entire net income of more than $290,000 but not more than $390,000:
Capital base	.00178
Qualified cooperative housing corporation capital base	.0004
Minimum taxable income base	.025
Fixed dollar minimum tax
For a corporation with a gross payroll of: $25,000 or more:	$10,000
Less than $25,000,000 but more than $6,250,000:	$5,000
Not More than $6,250,000 but not more than $1,000,000:	$425
Not More than $1,000,000 but not more than $500,000:	$325
$500,000 or less:	$100**
However, if the corporation's gross payroll, total receipts, and average value of gross assets are each $1,000 or less:	$800
Subsidiary capital base	.0009

**Foreign authorized corporations: If the total of your tax (including tax imposed under article 9) and MTA surcharge is less than $300, you must increase your payment accordingly to satisfy to $300 maintenance fee requirement.