Overall C-corporation tax is still higher than S-corporation tax under new tax laws.

To be... or not to be a C-corporation under the new tax laws. While C Corporations may be taxed at 20% the overall taxes are still going to be higher than an S-Corporation.

Basically an owner of a C corporation pays double tax. A C corporation pays 20% tax on it's bottomline. The owner/shareholder also pays tax on the income he receives from the C corporation. If the owner takes his/her income as dividends he could be taxed at 38.5% plus 3.8% for payroll tax. If the owners sells long term capital stock back to the corporation then he could be taxed 20% plus any applicable 3.8% Obamacare surcharge ...Read more

Here's where you stand in the new 2018 tax brackets

New President. New tax brackets See what tax bracket you are in under Trumps new tax laws. Check if the latest 2018 tax guidelines could very well place you inside a totally different income tax bracket. Donald Trump signed the new tax bill which still has seven brackets as before. The percentages are not the same as the brackets changed depending upon your taxable income. Previous to the recent guidelines, the 7 tax brackets were 10%, 15%, 25%, 28 %, 33 %, 35 %, and 39.6 %. The new percentage brackets are 10%, 12%, 22%, 24%, 32%, 35 %, and 37 %. All single filers will now be taxed at the following tax rates. ...Read more