![United States: The Inflation Reduction Act: A Tax Overview - Miller, Canfield, Paddock and Stone P.L.C.](https://cdn.newsserve.net/ONPglobe256.png)
United States: The Inflation Reduction Act: A Tax Overview - Miller, Canfield, Paddock and Stone P.L.C.
The corporate income tax rate is currently 21%, but the effective tax rate for many corporations is less than 21% because of deductions and credits available to them.
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