I’m CEO of my one person company lol. It sure keeps it simple. It’s inevitable that I will have to hire eventually though.
I hope corporte tax is better there.
The Trump Administration and Republican majority Congress lowered the corporate income tax from 35% to 21%. Different states also have different state income taxes. On *average,” a state’s corporate income tax will be about 4.7%. I would guess that most of the majority Republican states would have lower taxes than majority Democrat states.
The tax bill (now law) was called The Tax Cuts and Jobs Act (TCJA).