New Tax Rate "C" Corporations

Clients have asked and maybe hoped that under the new tax law "C" corporations no longer have what is considered a double taxation problem.

The new tax rate for "C" corporations is a flat rate of 21%.  Before the new tax laws "C" corporations were taxed at a graduated rate ranging from 15% to 35%.  The dividends paid to the shareholders are still taxed to them at their individual tax rates, so in fact "double taxation" has not gone away.