《财务管理基础》英文课件ch02.ppt

Corporate Capital Gains / Losses Capital losses are deductible only against capital gains. Currently, capital gains are taxed at ordinary income tax rates for corporations, or a maximum 35%. Personal Income Taxes The U.S. has a progressive tax structure with four tax brackets of 10%, 15%, 25%, 28%, 33%, and 35%. Personal income taxes are determined by taxable income, filing status, and various credits. Result is that low income individuals pay no federal tax and others may fluctuate between the marginal rates. Financial Environment Businesses interact continually with the financial markets. Fi