Taxation for US Businesses

1. Federal income tax: This is a tax on the profits earned by the business. The tax rate varies depending on the amount of income earned by the business.

2. State income tax: Most states in the US also impose an income tax on businesses. The tax rates and rules vary from state to state.

3. Payroll taxes: Employers are required to pay payroll taxes, which include Social Security and Medicare taxes, on behalf of their employees.

4. Sales tax: Businesses that sell products or services may be required to collect sales tax from their customers and remit it to the state or local government.

5. Property tax: Businesses that own real estate or other property may be subject to property tax based on the value of the property.

6. Excise tax: This is a tax on specific goods or services, such as gasoline, tobacco, or alcohol.

7. Capital gains tax: If a business sells an asset for more than it originally paid for it, it may be subject to capital gains tax on the profit.

The specific tax requirements for a startup or large business can vary depending on a number of factors, including the type of business, the state where it is located, and the amount of revenue it generates. It is important for business owners to consult with a tax professional to ensure that they are complying with all applicable tax laws and regulations.