receipts that do not exceed $5,000,000 permits the use of the cash method of accounting [§448(b)].e.Corporate tax rates. The corporate tax rate structure, including the phaseout provisions,definitely favors corporations with lower taxable incomes. See the corporate tax rates on theinside of the back cover of the text.SOCIAL CONSIDERATIONS 56.Some provisions of the tax law are designed to promote certain socially desirable goals. Examples.a.Excluding from income the value of accident and health plansfinanced by employers.b.Excluding form income the value of group term life insurancecoverage for employees, paidfor by employers. c.Excluding form income contributions to and the earnings of private-sector pension plans.d.Deduction for charitable contributions.e.The credit for child and disabled dependent care.f.Various tax credits, deductions, and exclusions to encourage additional education.