what do large US corporations pay in Federal income tax
Governments need money, and corporations (in general) have a lot of money, so it seemed like a good idea to tax them.
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.
Citizens and corporations must pay income tax on all earned money, even if it is earned overseas.
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).
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
$102,233,327,387
all people pay income tax.
corporations must pay taxes on their incomes, profit is a form of income, and a dividend is a portion of corporate profits paid out to stockholders, and stockholders must pay personal income tax on those dividends.
Mostly corporations are the ones that pay the most taxes and are the steepest when it come to an IRS tax levy. Depending on the state you are located, you can pay up to 25% in taxes.
If I understand what you are asking, your question is in regards to C corporations or LLCs which have elected to be taxed as C corporations, and which use the accrual method of accounting. The income tax expense for the period would be listed as an expense on the income statement. The amount of unpaid income tax would be listed as a liability on the balance sheet as income tax payable (or some similar name).