If a C corporation has taxable income in excess of $18,333,333, the corporate tax rate is 35% on all of its taxable income.

Name: If a C corporation has taxable income in excess of $18,333,333, the corporate tax rate is 35% on all of its taxable income.
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This is correct according to the current tax laws as of 2021. If a C corporation has taxable income over $18,333,333, the corporate tax rate is 35% on all of its taxable income.

If a C Corporation Has Taxable Income in Excess of $18,333,333