[Verse 1] When corporations earn their money through the year Gross income starts the calculation clear Subtract deductions from what they've made Twenty-one percent flat rate, that's how tax is paid No more brackets, no more climbing scales TCJA made it simple, here's how the math prevails [Chorus] Twenty-one flat, that's the corporate way Gross minus deductions, then you pay Fifty sixty-five and one hundred too Dividend deduction rates for me and you Twenty-one flat, keep it in your head Corporate income tax, now you're ahead [Verse 2] Dividends received get special treatment here Section two-four-three makes the path clear Fifty percent off if you own less than twenty Sixty-five percent when your stake has plenty One hundred percent deduction when you hold eighty or more Ownership percentage opens up the door [Chorus] Twenty-one flat, that's the corporate way Gross minus deductions, then you pay Fifty sixty-five and one hundred too Dividend deduction rates for me and you Twenty-one flat, keep it in your head Corporate income tax, now you're ahead [Verse 3] Starting up a business costs some cash Section one-nine-five and two-four-eight won't crash Organizational costs spread over time Fifteen years amortization, that's the rhyme First year gets five thousand if you qualify But phase-out kicks in when costs get high [Bridge] Charitable giving has a ceiling cap Ten percent of modified income, mind the gap Calculate before deductions and NOL Dividends received adjustment, do it well [Verse 4] Corporate AMT came back in twenty-three Fifteen percent rate for companies you see Inflation Reduction Act brought CAMT alive One billion revenue threshold to survive Book income adjustment, that's the base Alternative minimum, know your place [Chorus] Twenty-one flat, that's the corporate way Gross minus deductions, then you pay Fifteen percent CAMT, the minimum floor Corporate tax rules, now you know more Twenty-one flat, keep it in your head Corporate income tax, now you're ahead [Outro] From gross income down to tax you owe These corporate rules will help you grow Twenty-one percent, the rate stays true Corporate income tax, we're done with you
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