Marginaltaxrates(英文版)(18页).pdf

Session 8 - Marginal tax rates �Provide an overview of the structure of the corporate income tax �Define the marginal tax rate �Understand the importance of the dynamics of the tax code 15.518 Fall 2002 Session 8 Basic Structure of the Corporate Income Tax RECEIPTS -DEDUCTION S: TAXES Bu siness receipts Compensation Income tax Less cost of sales Rep airs Other taxes Interest Bad debts Personal holding co. Rents Rent p aid Recapture taxes Royalties Taxes paid Alternative minimum tax Net capital gains Interest paid = Total income tax before credits Net gain , noncapital assets Contributions or g ifts - Credits Dividends received Amortization Other receipts Depreciation Foreign tax credit U.S. possessions tax credit Depletion Qualified electric vehicle credit Advertising Nonc