Current Tax Rates

Here are the current income tax rates for companies:

Taxable income
$0 - 50,000: 15%
$50,000 - 75,000: 25%
$75,000 - 100,000: 34%
$100,000 - 335,000: 39%
$335,000 - 10,000,000: 34%
$10,000,000 - 15,000,000: 35%
$15,000,000 - 18,333,333: 38%
$18,333,333+: 35%

Personal Service CorporationsPersonal service corporations are subject to a flat tax of 35% regardless of their income.

Personal Holding CompanyPersonal holding companies are subject to an additional tax on any undistributed personal holding company income. (Code Sec. 541)

Year Rate
2007 15.0%
2006 15.0%
2005 15.0%
2004 15.0%
2003 15.0%
2002 38.6%
2001 39.1%
2000 and prior years 39.6%

Accumulated Earnings Tax - In addition to the regular tax, a corporation may be liable for an additional tax on accumulated taxable income in excess of $250,000 ($150,000 for personal service corporations). (Code Sec. 531)
Year Rate
2008 15.0%
2007 15.0%
2006 15.0%
2005 15.0%
2004 15.0%
2003 15.0%
2002 38.6%
2001 39.1%
2000 and prior years 39.6%