Question

This chart demonstrates the​ "progressive" nature of the u.s. tax code in that income tax rates increase dramatically as the level of income rises. the top corporate average tax rate is

Answer 1

According to this chart, the top corporate average tax rate is 35%. In the United States, large corporations that are profitable paid in an average effective tax rate of roughly 12.6% in 2010. The corporate tax rate set by the federal government is listed as 35% and can even jump up to 39.2% when state rates are included.