Tax Savings

The tax rates for corporations differ from those of individual rates. The first $50,000.00 of taxable income for a corporation, and remember, that's net income that takes into consideration the broader deductions that are available to the corporation, not gross income - is still taxable at the attractive rate of 15%. The 15% rate disappears at approximately $43,000 for married taxpayers filing joint returns, at approximately $35,000.00 for heads of households, at approximately $26,000.00 for single taxpayers, and at approximately $22,000.00 for married individuals filing separate returns. Contact Silver Shield Services, Inc. for advise with proper planning and structure to help reduce your tax burden.