Updated July 24, 2015
Corporate Tax Rates Chicago Illinois
Tax Rate Schedule for Corporations For Tax Years Beginning in 2011
| If the taxable income is | The Tax is | Of the Amount Over |
|---|---|---|
| $0 – $50,000 | 15% | 0 |
| 50,000 – 75,000 | $7500 + 25% | 50,000 |
| 75,000 – 100,000 | $13,750 + 34% | 75,000 |
| 100,000 – $35,000 | $22,250 + 39% | 100,000 |
| 335,000 – 10,000,000 | $113,900 + 34% | 335,000 |
| 10,000,000 – 15,000,000 | $3,400,000 + 35% | 10,000,000 |
| 15,000,000 – 18,333,333 | $5,150,000 + 38% | 15,000,000 |
| 18,333,333 | $6,416,667 + 35% | $18,333,333 |
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Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.