Question by Purge DC!: Would anyone here know the average business small business total tax bill as a percent of revenue?
Would anyone here to know a rough ballpark figure for the total tax bill for an average small business if you considered all taxes the business has to pay as a percent of revenue?
Would you know what that percentage would be if you included income taxes employees paid?
Answer by Susie T
I only know that corporate income tax rates are up to 35%, which Republicans are always complaining about; but the ACTUAL rate paid is about 11% of income. This is from the 1040 tax booklet the IRS sends out each year. The amount paid by corporations has consistently gone down over the years, and the amount paid by individuals has gone up.
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