BizSugar.com › Taxes › Small Business Taxation Rate Plummeting to 15 Percent by End of 2017

The United States Treasury dropped a bombshell at the White House yesterday when Secretary of the Treasury Steven Mnuchin announced plans to slash taxation rates on all American businesses. The proposed maximum tax rate would fall to a paltry 15 percent — down from the current 39.6 percent rate currently used.