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5
10
15
20
40
60
Top Personal Marginal Rate(%)
20
80
<:HE8 '4E:<A4? 878E4? #A6B@8 -4K +4G8 1910
1915
year
Top Corporate
Personal at $10,000
1920
Personal at $20,000
Top Personal Marginal Rate(%)
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<:HE8 ,G4G8 #A6B@8 -4K +4G8F <A Statutory Corporate Tax Rate (%)
2
4
6
WI
NY
AL
NM
CT
VA
ND
OK
MA/MO
MT
WV
MS
0
DE
0
2
4
Statutory Personal Tax Rate (%)
,BHE68 G;8 8&8* 2(31* !&< (8 I4E<BHF L84EF
6
<:HE8 <FGE<5HG<BA B9 BECBE4G<BAF 5L #A7HFGE<4? !EBHC <A Public s er v ic e
(4.91%)
Public s er v ic e
(1.47%)
Others
(11.90%)
Mining an d quarry ing
(5.77%)
Finance, banking, insuran ce, etc
(6.46%)
Trade
(25.46%)
(22.74%)
Agriculture (0.79%)
Construction (2.01%)
Agriculture (2.59%)
Financ e, b ank ing, ins uranc e , etc
Transportation (5.16%)
Trade
(21.91%)
Gros s Inc ome of C orporation s by Indus try Grou p
Construction (2.57%)
Transportation (6.42%)
N umber o f C orporations by In dus try Group
Manufac tu ring
(52.33%)
Others
(1.63%)
Manufac tu ring
(21.19%)
Mining an d quarry ing
(4.68%)
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0
Percentage Changes in Corporate Activities
.1
.2
.3
.4
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Low Tax Cost to Incorporate
Establishment
Production
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