Not sure about the US but generally no, you pay the same rate from the first dollar.
It doesn’t make sense to have brackets for corporations because they can move their income forward and backward through time to a greater extent than individuals can.
It would incentivise a lot of BS to minimise tax which ultimately isn’t “productive”.
Not sure about the US but generally no, you pay the same rate from the first dollar.
It doesn’t make sense to have brackets for corporations because they can move their income forward and backward through time to a greater extent than individuals can.
It would incentivise a lot of BS to minimise tax which ultimately isn’t “productive”.
Oh gotchya, that makes sense I guess.