Corporate tax: 두 판 사이의 차이

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Corporate ~~Taxes~~

'''Corporate tax''' ([[법인세]]), or corporate income tax, is the tax imposed on the profits earned by a corporation. In accounting terms, it is a charge levied on a firm's taxable income, which represents the earnings remaining after deducting all allowable expenses from total sales. Different countries have different corporate tax systems. The Republic of Korea has a graduated tax system, in which corporations with higher profits pay corporate tax at higher rates. On the other hand, the United States of America applies a flat 21% rate under the 2017 Tax Cuts and Jobs Act, enacted during the first Trump Administration. This means that all corporate income is taxed at the same rate regardless of its level.

== Tax Rates ==

~~Corporate income tax is the tax imposed on the profits earned by corporations, It~~'~~s a charge levied on a firm’s taxable income, which represents the profit remaining after deducting all allowable expenses from total sales.~~

The '''marginal tax rate''' is the rate applied to the next dollar of income. On the other hand, the '''average tax rate''' is calculated as total taxes divided by total taxable income. For example, suppose a corporation in Korea has a taxable income of 30 billion KRW. Its corporate tax is calculated as follows:

~~Korea has a graduated tax, related to the income : Higher tax rate for higher income.~~

~~The~~ marginal tax rate is the rate applied to the next dollar of income.

~~The~~ average tax rate is calculated ~~by dividing~~ total taxes by total taxable income.

{| class="wikitable" style="margin:auto"

|+ Example: Corporate Tax

|-

! Taxable Income !! Corporate Tax

|-

| <math>200,000,000</math> || style="text-align:right;" | <math>200,000,000 \times 0.09 = 18,000,000</math>

|-

| Example || Example Example

|-

| Example || Example Example

|}

*Average Tax Rate = Taxable IncomeTotal / Corporate Tax = %

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Calculating under this system, the total corporate tax amounts to 5.88 billion KRW, giving an average tax rate of approximately 19.6 %

~~The U.S. applies a flat 21% rate, as per the 2017 Tax Cuts and Jobs Act, since the Trump Administration. It means that all corporate income is taxed at the same rate regardless of its level.~~

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-Corporate Taxes
+'''Corporate tax''' ([[법인세]]), or corporate income tax, is the tax imposed on the profits earned by a corporation. In accounting terms, it is a charge levied on a firm's taxable income, which represents the earnings remaining after deducting all allowable expenses from total sales. Different countries have different corporate tax systems. The Republic of Korea has a graduated tax system, in which corporations with higher profits pay corporate tax at higher rates. On the other hand, the United States of America applies a flat 21% rate under the 2017 Tax Cuts and Jobs Act, enacted during the first Trump Administration. This means that all corporate income is taxed at the same rate regardless of its level.
+== Tax Rates ==
-  Corporate income tax is the tax imposed on the profits earned by corporations, It's a charge levied on a firm’s taxable income, which represents the profit remaining after deducting all allowable expenses from total sales.
+The '''marginal tax rate''' is the rate applied to the next dollar of income. On the other hand, the '''average tax rate''' is calculated as total taxes divided by total taxable income. For example, suppose a corporation in Korea has a taxable income of 30 billion KRW. Its corporate tax is calculated as follows:
- Korea has a graduated tax, related to the income : Higher tax rate for higher income.
-         The marginal tax rate is the rate applied to the next dollar of income.
-         The average tax rate is calculated by dividing total taxes by total taxable income.
+{| class="wikitable" style="margin:auto"
+|+ Example: Corporate Tax
+|-
+! Taxable Income !! Corporate Tax
+|-
+| <math>200,000,000</math> ||  style="text-align:right;" | <math>200,000,000 \times 0.09 = 18,000,000</math>
+|-
+| Example || Example Example
+|-
+| Example || Example Example
+|}
 *Average Tax Rate = Taxable IncomeTotal / Corporate Tax = %
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 Calculating under this system, the total corporate tax amounts to 5.88 billion KRW, giving an average tax rate of approximately 19.6 %
- The U.S. applies a flat 21% rate, as per the 2017 Tax Cuts and Jobs Act, since the Trump Administration. It means that all corporate income is taxed at the same rate regardless of its level.