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New Tax Rate “C” Corporations

Posted on July 20, 2018 in Firm News

Clients have asked and maybe hoped that under the new tax law “C” corporations no longer have what is considered a double taxation problem.

The new tax rate for “C” corporations is a flat rate of 21%.  Before the new tax laws “C” corporations were taxed at a graduated rate ranging from 15% to 35%.  The dividends paid to the shareholders are still taxed to them at their individual tax rates, so in fact “double taxation” has not gone away.