Corporate Tax
21%
+ 0% state
Income Tax
10-37%
VAT Rate
0%
Effective Rate
25.8%
Tax Calculator
Overview
Federal corporate tax rate is 21%. State taxes vary by location.
2026 federal income tax brackets for single filers range from 10% to 37%. Standard deduction is $16,100.
Texas has no corporate income tax. Franchise (margin) tax of 0.75% (0.375% retail/wholesale) instead of an income tax. No personal income tax on wages. State sales tax 6.25% (average combined 8.2%).
Tax Brackets
0 - 12,40010%
12,400 - 50,40012%
50,400 - 105,70022%
105,700 - 201,77524%
201,775 - 256,22532%
256,225 - 640,60035%
640,600 - ∞37%
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