Corporate federal income taxes are _____.

Question

flat

regressive

proportional

progressive

Answer 1

Corporate federal income taxes in the United States are generally considered proportional. This means that they are applied at a fixed rate regardless of the amount of income earned, which contrasts with progressive tax systems that impose higher rates on higher income brackets. While there may be debates around specific provisions and deductions that can affect effective tax rates, the nominal rate structure is set at a flat rate for corporations.