Corporate Tax in Salem, Oregon

Find the right Corporate Tax attorney in Salem, OR

Corporate Tax Lawyers in Salem

A "corporation" in Salem, Oregon is an organization formed under state law which is regarded a separate "person" from any of the people who run it.

Corporations are subject to the rule of "corporate personhood." Simply put, this means that corporations, under the law in Oregon are treated as individual persons. This means they have most of the identical legal rights and obligations as actual human beings.

One of these commitments is the duty to pay income tax in much the same way as an individual person.

Corporate Tax Rate in Salem, Oregon

Practically every for-profit corporation in the U.S. is required to pay taxes on its income each year. Most states also have their own corporate income tax. All corporations in Salem, Oregon are required to pay it.

The federal corporate income tax rate is different from the tax rate that applies to individuals. The highest corporate tax rate at the federal level is 35% of income - applying to companies that make over .3 million per year. Corporations earning under ,000 pay a 15% tax rate. There are several tax brackets in between.

Likewise, chances are good that the corporate tax rate in Oregon are different from individual income taxes. However, many states feel that their economies would be best served by attracting as many businesses as possible. For that reasons, in a large number of states, the corporate income tax rate is significantly lower than the individual rate.

Whatever a company's legal tax rate is, all corporations in Salem, Oregon must pay the taxes assessed against them. If they don't, they can be made to pay very large fines - usually much larger than their original tax bill.

How Can a Salem, Oregon Corporate Tax Lawyer Help?

Most extremely large corporations have tax attorneys and accountants on staff, as full-time employees, who help them stay in conformity with every applicable state and federal income tax laws.

But if you are the owner of a small corporation in Salem, chances are you don't have a full-service legal department on your payroll. So, if you need help with your corporate taxes, it's critical that you speak with a lawyer in Salem, Oregon who practices tax law.

Talk to a Tax Law Attorney now!

Life in Salem

Salem, Oregon is the capital of the state of Oregon, and the county seat of Marion County. It is located in the center of the scenic Willamette Valley, on the banks of the Willamette River. It is the third-largest city in the state of Oregon, with a population of 155,000.

Salem, OR was first settled by Europeans in 1812, where explorers established it as a trading post. In the 1840s, more permanent settlement came in the form of Christian missionaries. Shortly thereafter, Salem became the capital of the Oregon Territory, and continued to serve in this capacity when Oregon became a state in 1859.

Because it is the state capital, Salem, Oregon's economy is supported heavily by jobs created by the state government, which is the largest employer in Salem. In addition to employing all of the state elected officials in Oregon, from the governor down to state legislators, the government of Oregon, through its many agencies headquartered in Salem, employs a large number of administrative personnel, and other professionals. In particular, the state government employs many Salem, Oregon lawyers.

In Salem, there are also many lawyers in private practice. Salem, Oregon is home to Willamette University School of Law, which is part of the oldest university in the Western United States. Willamette University's law school has graduated hundreds of successful Salem, Oregon lawyers throughout its long history.

If you are facing a legal issue in Salem, Oregon and need assistance, it's highly likely that you'll be able to find a Salem, Oregon attorney who can help you.

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