United States

Paying Taxes in

United States

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

About This Topic

To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Federal corporate income tax 1 99 34% (progressive schedule) taxable income 18
Employer paid - Federal old-age, survivors and disability insurance tax (OASDI) 1 online filing 55 6.2% gross salaries with ceiling 7
Property tax (NY City and State) 1 10.426% per $100 valuation 45% of FMV 7
NYS corporation tax 0 paid jointly 7.1% taxable income 5.5
NYC corporation tax 1 online filing 8.85% taxable income 4.1
Employer paid - Hospital insurance contributions 0 paid jointly 1.45% gross salaries 1.6
NYC Real estate transfer tax 1 2.63% sale price 1.6
Employer paid - NYS unemployment tax 1 online filing 4.1% gross salaries with ceiling 0.8
Fuel tax 1 USD 0,184 + USD 0,008 per gallon fuel consumption 0.4
Employer paid - Metropolitan commuter transportation mobility tax (MCTMT) 1 online filing 0.34% gross salaries 0.4
Employer paid - Federal unemployment tax (FUTA) 1 online filing 6.2% gross salaries with ceiling 0.2
NY City and State sales and use tax of lease truck 1 8.88% leasing expenses 0.1
Sales tax 1 online filing 33 8.875% sales withheld
Totals: 11 187 46.7
Explore Economy Data