Thus the contributions are taxable to the bowls at the 34 percent rate for corporate income.
Texas has neither a personal nor a corporate income tax.
Taxation of corporate income is the price of that protection.
The table lists the tax rates on corporate income applied by each state, but not by local governments within states.
Such corporate income, held at the bank, is part of the nation's savings pool.
Cash compensation such as salary, is funded from corporate income.
Last year, 70 percent of corporate income was used to pay interest on debt.
A booming stock market also brought huge increases in corporate income.
No taxes are levied on corporate and individual income for few years.
Assumed pension investment earnings can be factored into corporate income each year, for example.
