The corporate tax rate in the United States is currently a flat rate of 21%. Before theTax Cuts and Jobs Act (TCJA)of 2017, the corporate tax rate was 35%.1617 In August of 2022, the United States Congress passed a new 15% corporate minimum tax into law as part of the Inflation Re...
In the past, the GSTT has been hefty, ranging from 35% to 77%.9The current rate, which has been in effect since 2014, is 40%; however, the Tax Cuts and Jobs Act, which passed in 2017, dramatically decreased the number of estates that might be affected by it by raising the exemptio...
Current federal estate tax rates put in place in 2017 by theTax Cuts and Jobs Act (TCJA)range from 18% to 40%. However, the estate tax exemption amount, currently $13.99 million per individual, is scheduled to “sunset” at the end of 2025 and revert to pre-TCJA levels, which ...