Alabama
Department of Revenue |
6.5% |
| 0-500 |
2% |
| 500-3000 |
4% |
| 3,000 + |
5% |
|
|
|
| 0-25,000 |
0% |
| 25-49,000 |
2% of taxable income over $25,000 |
| 49-74,000 |
480 + 3% of taxable income over 49,000 |
| 74-99,000 |
1,230 + 4% of taxable income over 74,000 |
| 99-124,000 |
2,230 + 5% 2,230 of taxable income over 99,000 |
| 124-148,000 |
3,480 + 6% of taxable income over 124,000 |
| 148-173,000 |
4,920 + 7% of taxable income over 148,000 |
| 173-198,000 |
6,670 + 8% of taxable income over 173,000 |
| 198-222,000 |
8,670 + 9% of taxable income over 198,000 |
| 222,000+ |
10,830 + 9.4% of taxable income over 222,000 |
|
None |
|
|
3% |
| 0-28,653 |
2.55% |
| 28,653+ |
2.98% on the excess over 28,653 + 731 |
|
|
|
| 0-3,000 |
1% |
| 3,000-6,000 |
2% |
| 6,000-11,000 |
3% |
| 11,000-25,000 |
5% |
| 25,000+ |
5.9% |
|
|
|
| 0-4,999 |
0% |
| 5,000-9,999 |
2% |
| 10,000-14,299 |
3% |
| 14,300-23,599 |
3.4% |
| 23,600-84,500 |
4.9% |
| 84,500+ |
4.9% |
|
|
|
8.84% for non-financial corporations |
| 0-9,325 |
1% |
| 9,326-22,107 |
2% |
| 22,108-34,892 |
4% |
| 34,893-48,435 |
6% |
| 48,436-61,214 |
8% |
| 61,215-312,686 |
9.3% |
| 312,687-375,221 |
10.3% |
| 375,222-625,369 |
11.3% |
| 625,370+ |
12.3% |
|
|
|
4.55% |
4.4% |
|
|
7.5% |
| 0-10,000 |
3% |
| 10,001-50,000 |
5% |
| 50,001-100,000 |
5.5% |
| 100,001-200,000 |
6% |
| 200,001-250,000 |
6.5% |
| 250,001-500,000 |
6.9% |
| 500,001+ |
6.99% |
|
|
|
8.7% |
| 0-2,000 |
0% |
| 2,000-5,000 |
2.2% |
| 5,000-10,000 |
3.9% |
| 10,000-20,000 |
4.8% |
| 20,000-25,000 |
5.2% |
| 25,000-60,000 |
5.5% |
| 60,000+ |
6.6% |
|
|
|
8.25
There is a 250 minimum tax, if DC gross receipts are 1 million or less, or a 1000 minimum tax, if DC gross receipts are more than 1 million. |
| 0-10,000 |
4% of taxable income |
| 10-40,000 |
400, plus 6% of the excess over 10,000 |
| 40,000-60,000 |
2,200, plus 6.5% of the excess over 40,000 |
| 60,000-250,000 |
3,500, plus 8.5% of the excess over 60,000 |
| 250-500,000 |
19,650, plus 9.25% of the excess over 250,000 |
| 500,000-1 million |
42,775, plus 9.75% of the excess above 500,000 |
| 1 million+ |
91,525, plus 10.75% of the excess above 1,000,000 |
|
|
|
5.5% |
None |
|
|
5.75% |
| 0-750 |
1% of taxable income |
| 750-2,250 |
8 + 2% of the amount over 750 |
| 2,250-3,750 |
38 + 3% of the amount over 2,250 |
| 3,750-5,250 |
83 + 4% of the amount over 3,750 |
| 5,250-7,000 |
143 + 5% of the amount over 5,250 |
| 7,000+ |
230 + 5.75% of the amount over 7,000 |
|
|
|
| 0-25,000 |
4.4% |
| 25,000-100,000 |
5.4% |
| 100,000 + |
6.4% |
|
| 0-2,400 |
1.4% |
| 2,400-4,800 |
3.2% of the amount over 2,400 + 34 |
| 4,800-9,600 |
5.5% of the amount over 4,800 + 110 |
| 9,600-14,400 |
6.4% of the amount over 9,600 + 374 |
| 14,400-19,200 |
6.8% of the amount over 14,400 + 682 |
| 19,200-24,000 |
7.2% of the amount over 19,200 + 1,008 |
| 24,000-36,000 |
7.6% of the amount over 24,000 + 1,354 |
| 36,000-48,000 |
7.9% of the amount over 36,000 + 2,266 |
| 48,000-150,000 |
8.25% of the amount over 48,000 + 3,214 |
| 150,000-175,000 |
9% of the amount over 150,000 + 11,629 |
| 175,000-200,000 |
10% of the amount over 175,000 + 13,879 |
| 200,000+ |
11% of the amount over 200,000 + 16,379 |
|
|
|
6% |
| 0-1,588 |
1% |
| 1,588-4,763 |
3% |
| 4,763-7,939 |
4.5% |
| 7,939+ |
6% |
|
|
|
9.5% |
4.95% |
|
|
4.9% |
3.23% |
|
|
| 0-25,000 |
5.5% |
| 25,001-100,000 |
5.5% |
| 100,001-250,000 |
8.4% |
| 250,000+ |
8.4% |
|
3.9%
|
Kansas
Department of Revenue |
| 0-50,000 |
4% |
| 50,000 + |
7.05% |
|
| 0-2,500 |
0% |
| 2,500-15,000 |
3.1% |
| 15,000-30,000 |
5.25% of the amount over 15,000 + 465 |
| 30,000 + |
5.7% of the amount over 30,000 + 1,252.50 |
|
|
|
5%
|
5%
|
|
|
| 0-25,000 |
1.85% |
| 25,000-100,000 |
3.5% |
| 100,000+ |
6% |
|
| 0-12,500 |
1.85% |
| 12,500-50,000 |
3.5% |
| 50,000 + |
4.25% |
|
|
|
| 0-350,000 |
3.5% of income |
| 350,000- 1.05 million |
7.93% of the amount over 350,000 + 12,250 |
| 1.05-3.5 million |
8.33% of the amount over 1.05 million + 67,760 |
| 3.5 million+ |
8.93% of the amount over 3.5 million + 271,845 |
|
| 0-23,000 |
5.8% |
| 23,000-54,450 |
6.75% of the amount over 23,000 + 1,334 |
| 54,450+ |
7.15% of the amount over 54,450 + 3,457 |
|
|
|
8.25% |
| 0-1,000 |
2% |
| 1,000-2,000 |
20 plus 3.00% of the excess over 1,000 |
| 2,000-3,000 |
50 plus 4.00% of the excess over 2,000 |
| 3,000-100,000 |
90 plus 4.75% of the excess over 3,000 |
| 100,000-125,000 |
4,697.50 plus 5.00% of the excess over 100,000 |
| 125,000-150,000 |
5,947.50 plus 5.25% of the excess over 125,000 |
| 150,000-250,000 |
7,260.00 plus 5.50% of the excess over 150,000 |
| 250,000+ |
12,760.00 plus 5.75% of the excess of 250,000 |
|
|
|
8% |
5% |
|
|
6% |
4.25% |
|
|
9.8%. There is a 5.8% minimum tax on value if there is property owned in Minnesota. |
| 0-28,080 |
5.35% |
| 28,801-92,230 |
6.8% |
| 92,231-171,220 |
7.85% |
| 171,220 |
9.85% |
|
|
|
| 0-4,000 |
0% |
| 4,000-5,000 |
3% |
| 5,000-10,000 |
4% |
| 10,000 + |
5% |
|
| 0-4,000 |
0% |
| 4,000-5,000 |
3% |
| 5,000-10,000 |
4% |
| 10,000+ |
5% |
|
|
|
4% |
| 0-111 |
0% |
| 112-1,121 |
1.5% |
| 1,121-2,242 |
2% |
| 2,242-3,363 |
2.5% |
| 3,363-4,484 |
3% |
| 4,484-5,605 |
3.5% |
| 5,605-6,726 |
4% |
| 6,726-7,847 |
4.5% |
| 7,847-8,968 |
5% |
| 8,968+ |
5.3% |
|
|
|
6.75% with a $50 minimum fee for filing a return. |
| 0-3,600 |
1% |
| 3,600-6,300 |
2% minus 36 |
| 6,300-9,700 |
3% minus 99 |
| 9,700-13,000 |
4% minus 196 |
| 13,000-16,800 |
5% minus 326 |
| 16,800-21,600 |
6% minus 494 |
| 21,600+ |
6.75% minus 656 |
|
|
|
| 0-100,000 |
5.58% |
| 100,000 + |
7.81% |
|
| 0-2,999 |
2.46% |
| 3,000-17,999 |
3.51% |
| 18,000-28,999 |
5.01% |
| 29,000+ |
6.84% |
|
|
|
No tax. Nevada has an annual business license fee of 500 for corporations and 200 for all other business entities.
. |
None. |
|
|
7.6%. NH has two corporate taxes: the Business Profits Tax (BPT) and the Business Enterprise Tax (BET). The BPT rate is 7.6% of income for corporations with gross receipts over $92K. The BET rate is 0.55% on the enterprise value tax base (total compensation paid out, including dividends and interest). The BET is assessed on corporations with gross receipts over $250K or an enterprise value tax base over $250K. |
5% on interest and dividends. New Hampshire does not base income tax on a W-2. |
|
|
| 0-50,000 |
6.5% |
| 50,000-100,000 |
7.5% |
| 100,000 + |
9% |
All corporate returns have a $500 minimum payment. LLCs only have a $125 per member minimum payment, but if your LLC elects to be taxed as an S corporation, you’ll be forced to pay the $500 minimum tax. |
| 0-20,000 |
1.4% of taxable income |
| 20,000-35,000 |
280 plus 1.75% of the excess over 20,000 |
| 35,000-40,000 |
542.50 plus 3.5% of the excess over 35,000 |
| 40,000-75,000 |
717.50 plus 5.525% of the excess over 40,000 |
| 75,000-500,000 |
2,651.25 plus 6.370% of the excess over 75,000 |
500,000-
1 million |
29,723.75 plus 8.970% of the excess over 500,000 |
| 1 million+ |
74,573.75 plus 10.750% of the excess over 1 million |
|
|
|
| 0-500,000 |
4.8% |
| 500,000+ |
5.9% |
|
| 0-5,500 |
1.7% |
| 5,501-11,000 |
3.2% |
| 11,001-16,000 |
4.7% |
| 16,001-210,000 |
4.9% |
| 210,001+ |
5.9% |
|
|
|
| 0-500,000 |
6.5% |
| 500,000+ |
7.25% |
|
|
The corporation income tax is based on the following three taxes:
- Business income
- Business Capital
- Fixed dollar minimum tax
You will pay whichever results in the highest payment.
|
| 0-8,500 |
4% |
| 8,500-11,700 |
340 + 4.5% of the excess over 8,500 |
| 11,700-13,900 |
484 plus 5.25% of the excess over 11,700 |
| 13,9010-80,650 |
600 plus 5.85% of the excess over 13,900 |
| 80,650-215,400 |
4,504 plus 6.25% of the excess over 80,650 |
| 80,651-215,400 |
6.33% |
| 215,400-1,077,550 |
12,926 plus 6.85% of the excess over 215,400 |
1,077,550-
5 million |
71,984 plus 9.65% of the excess over 1,077,550 |
| 5-25 million |
450,500 plus 10.30% of the excess over 5 million |
| 25 million+ |
2,510,500 plus 10.9% of the excess over 25 million |
|
|
|
2.5% |
4.99%
|
|
|
| $0-25,000 |
1.41% of taxable income |
| $25,000-50,000 |
352.50 + 3.55% of the amount over 25,000 |
| $50,000+ |
1,240 + 4.31% of the amount over 50,000 |
|
|
|
| 0-41,775 |
1.1% |
| 41,775-101,050 |
459.53 + 2.04% of the amount over 41,775 |
| 101,050-210,825 |
1,668.74 + 2.27% of the amount over 101,050 |
| 210,825-458,350 |
4,160.63 + 2.64% of the excess over 210,825 |
| 458,350+ |
10,695.29 + 2.9% of the amount over 458,350 |
|
|
|
Ohio’s business income tax is called the Commercial Activity Tax (CAT). Ohio LLCs are subject to this tax that is based on the business’s gross receipts. Businesses with less than 150,000 in gross receipts annually will not have a CAT amount due. Businesses that gross 150,000 and over will be subject to tiered tax amounts based on the gross annual income.
| 0-150,000 |
0% |
| 150,000-1 million |
150 base tax + .26% of gross receipts |
| 1-2 million |
800 base tax + .26% of gross receipts |
| 2-4 million |
2,100 base tax + .26% of gross receipts |
| 4 million+ |
2,600 base tax + .26% of gross receipts |
|
|
|
| 0-26,050 |
0% |
| 26,050-46,100 |
60.69 + 2.765% of excess over 26.050 |
| 46,100-92,150 |
915.07 + 3.226% of excess over 46,100 |
| 92,150-115,300 |
2,400.64 + 3.688% of excess over 92,150 |
| 115,300+ |
3,254.41+ 3.990% of excess over 115,300 |
|
Oklahoma
Tax Commission |
4% |
| 0-1,000 |
.25% |
| 1,000-2,500 |
.75% |
| 2,500-3,750 |
1.75% |
| 3,750-4,900 |
2.75% |
| 4,900-7,200 |
3.75% |
| 7,200+ |
4.75% |
|
|
|
|
|
| 0-1 million |
6.6% |
| 1 million+ |
7.6% |
|
| 0-3,750 |
4.75% |
| 3,750-9,450 |
6.75% |
| 9,450-125,000 |
8.75% |
| 125,000+ |
9.9% |
|
|
|
|
|
8.99% |
3.07% |
| Rhode Island Division of Taxation |
7% |
| 0-68,200 |
3.75% |
| 68,200-155,050 |
4.75% |
| 155,050+ |
5.99% |
|
|
|
|
|
South Carolina
Department of Revenue |
5% |
| 0-3,200 |
0% |
| 3,200-16,040 |
3% minus 96 |
| 16,040+ |
6% minus 577 |
|
South Dakota
Department of Revenue |
None |
None |
Tennessee
Department of Revenue |
All Corporations, LLCs, and Partnerships, regardless of their tax status with the IRS are subject to the Tennessee franchise tax and Tennessee Excise tax. The franchise tax has a minimum payment of $100. Franchise tax is figured at .25% of the net worth of corporation or the tangible property. The excise tax is 6.5% of the net taxable income made in TN. |
None |
|
|
Texas state business income taxes do not exist, the state does levy a franchise tax, which is calculated on a company’s margin for all entities with revenues above $1.23 million. The tax rate is 0.375% for retail and wholesale businesses, and 0.75% for other businesses |
None |
|
|
4.85% |
4.85% |
|
|
| 0-10,000 |
6% |
| 10,001-25,000 |
600 + 7.00% of amount over 10,000 |
| 25,001+ |
1,650 + 8.50% of the amount over 25,000 |
|
| 0-40,950 |
3.35% of taxable income |
| 40,950-99,200 |
1,296 + 6.6% of the amount over 38,700 |
| 99,200-206,950 |
4,926 + 7.6% of the amount over 93,700 |
| 206,950+ |
12,659 + 8.75% of the amount over 195,450 |
|
|
|
|
|
6% |
| 0-3,000 |
2% |
| 3,001-5,000 |
60 + 3% of excess over 3,000 |
| 5,001-17,000 |
120 + 5% of excess over 5,000 |
| 17,001+ |
720 + 5.75% of excess over 17,000 |
|
Washington
Department of Revenue |
Washington charges a gross income tax of .471% on your revenue of gross receipts. Washington calls this a business and occupations tax, or better known in the state as a B & O tax. This is tracked by your Washington state UBI number (Unified Business Identifier number). There are basically no deductions. Washington state will deduct the money you made in another state and paid taxes for there, which can make it a very attractive state to own a national company in. |
None. But Washington does have a 7% capital gains tax. |
West Virginia
Department of Revenue |
6.5% |
| 0-9,999 |
3% |
| 10,000-24,999 |
300 + 4% of excess over 10,000 |
| 25,000-39,999 |
900 + 4.5% of excess over 25,000 |
| 40,000-59,999 |
1,575 + 6% of excess over 40,000 |
| 60,000+ |
2,775 + 6.5% of excess over 60,000 |
|
|
|
7.9% |
| 0-12,760 |
3.54% |
| 12,761-25,520 |
451.70 + 4.65% of amount over 12,760 |
| 25,521-280,950 |
1,045.04 + 5.3% of amount over 25,520 |
| 280,950+ |
14,582.83 + 7.65% of amount over 280,950 |
|
|
|
|
|
Wyoming is the least taxed state in America if you figure there is no personal or corporate income tax. The state taxes most goods at 4%, which is fairly low. Wyoming does have relatively high property tax, but if you don’t own a home in Wyoming, you’ll never know the difference. |
None |
