Income & Taxes
| Corporate Tax Rate | |
|---|---|
| Rate | Taxable Income |
| 15% | $0-50,000 |
| 25% | 50,001-75,000 |
| 34% | 75,001-100,000 |
| 39% | 100,001-335,000 |
| 34% | 335,001-10,000,000 |
| 35% | 10,000,001-15,000,000 |
| 38% | 15,000,001-18,333,333 |
| 35% | Over 18,333,333 |
Personal service corporations pay a flat 35%
[Yes, the table is correct and things are that screwed up.]
| Single Tax Rate | |
|---|---|
| Rate | Taxable Income |
| 10% | $0 – 7,825 |
| 15% | 7,826 – 31,850 |
| 25% | 31,851 – 77,100 |
| 28% | 77,101 – 160,850 |
| 33% | 160,851 – 349,700 |
| 35% | Over $349,700 |
The Standard Deduction is $5,350 and the Personal Exemption is $3,400, so the first $8,750 isn’t actually subject to any income tax.
October 9, 2008 8 Comments
Hurricane Norbert – Cat 1 – Day 2
Position: 18.9 N 113.2 W [10 PM CDT 0300 UTC].
Movement: North-Northwest [330°] near 7 mph.
Maximum sustained winds: 90 mph [150 kph].
Wind Gusts: 115 mph.
Tropical Storm Wind Radius: 140 miles [220 km].
Hurricane Wind Radius: 35 miles [55 km].
Minimum central pressure: 973 mb ↑.
It is 350 miles [560 km] Southwest of the tip of Baja California.
At 8 PM PDT…0300 UTC…the government of Mexico has issued a Hurricane Watch for the West Coast of Baja California from Puerto San Andresito southward and for the East Coast of Baja California from lareto southward including Cabo San Lucas. A Hurricane Watch means that hurricane conditions are possible within the watch area…generally within 36 hours.
October 9, 2008 4 Comments
