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In 2017, about 1.6 million returns were filed by active C-corporations, or that mostly paying the corporate income tax. Manufacturing businesses represented 5% of those returns, but paid nearly 30% of income tax after credits.

In 2017, about 1.6 million returns were filed by active C-corporations. Manufacturing businesses represented 5% of those returns, but paid nearly 30% of income tax after credits.

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Supreme Court won’t hear challenge to SALT tax deduction

Supreme Court won’t hear challenge to SALT tax deduction

From
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April 18, 2022
Cited
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Howard Gleckman

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