The U.S. corporate income tax rate is set at a flat 21% following the Tax Cuts and Jobs Act of 2017. This rate applies to most corporations, regardless of their income level. However, certain small businesses, like S corporations or LLCs that are taxed as pass-through entities, do not pay corporate income tax directly, as profits are passed on to individual shareholders. The U.S. tax ... https://abbasaccounting.com/services/corporate-income-tax/