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Why do corporations have to pay income tax?
Governments need money, and corporations (in general) have a lot of money, so it seemed like a good idea to tax them.
What percentage of US Taxes do corporations pay?
On average, corporations pay approximately 9-10% of total U.S. federal tax revenue. This percentage can vary depending on economic conditions, tax policies, and individual company performance.
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
What tax has individuals corporations legal entities?
Individuals typically pay income tax, while corporations pay corporate income tax. Legal entities such as partnerships or LLCs may be taxed differently depending on how they are structured, but may also be subject to income tax. Additionally, all entities may be subject to other taxes such as sales tax, property tax, or payroll taxes.
How much tax do you pay on 900 a wek?
how much tax do i pay on 900 a week
What is an example sentence of for the word income tax?
Citizens and corporations must pay income tax on all earned money, even if it is earned overseas.
When do you pay your sales tax in Arkansas?
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
How much tax do ypu pay on 26000?
on an estate settlement how much money in tax will i pay on $26000.00
How much tax do you pay if you earn 5000 a month?
How much tax do I pay if I earn 8000 a month
How many tax do you pay on a salarry of R8000?
How much tax do i pay on r8000
Do corporations have to pay federal and state income taxes?
Yes, if the state they operate in taxes corporate income. This depends on where they're incorporated or headquartered as well. Some state don't have a personal income tax, but do tax corporations (i.e. WA).
Why do individuals carry a much heavier tax burden than corporations and is it justified?
While that isn't true it would not be justified if it were. The more a corporation pays in taxes the less they will grow and the fewer people they will hire. Corporations have dozens of different types of taxes they have to pay.
