5.1.4.1. Corporate Tax Rates
As mentioned earlier, C corporations are taxed at their own unique tax rate on the profits they earn, even though these profits may be taxed again after they are distributed to shareholders of the corporation in the form of dividends. This stands in contrast to individual business owners (sole proprietors), members of partnerships, owners of a Subchapter S corporation, and members of most LLCs, who all have the earnings of the company passed directly on to them without any taxes being applied at the o