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tax chart different for an llc compnay than an individual

is there a different tax chart/percentage for an llc company than an individual person?

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It all depends. Is the LLC a single owner LLC or multiple owner LLC?

A single owner LLC can elect to file as a sole proprietor while multiple owner LLC MUST elect either subchapter S corporation or subchapter C corporation

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A single owner LLC can also elect sole proprietor, S corp, or C corp for taxation. I use LLC and taxed as S corp. There is no chart difference in taxes. You pay taxes on all income. However, with a LLC SP version, you pay income tax and self employment tax on all net profit. With a LLC S corp version, I pay myself a reasonable annual salary, based on prevailing annual income for drivers in my area, which is about $40K a year. I pay income tax and SSI on that amount. Any net the company has above that is distributed to me, as the sole owner, and I only have to pay income tax on that amount and no SSI. I paid myself $40K last year. The net for the entire operation was $80K. Since I did not have to pay self employment tax (SSI) on the other $40K, I saved about $6200 in taxes. I am essentially treated as an employee of my company in using S corp for tax filing. But since I have 100% share in the company, and distributions of company income is to the share holders, that is only subject to normal income tax. And I do not have the obligatory requirements of a full blown S or C corp entity like quarterly board meetings and minutes stuff to file. And I am not required to pay unemployment insurance for myself by being an LLC as opposed to an S Corp or C Corp. LLC filing as S corp is the best of both worlds.

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alan will be eternally grateful.
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