Tax Data
Corporate Income Taxes
The federal corporate income tax was first instituted in 1909 when income above $5,000 was subjected to a one percent tax rate. Since then it has changed approximately 35 times, with the current top rate at 35 percent. Additionally, many states levy corporate income taxes of their own. Economists have long understood that corporate income taxes are double taxes, since the same income is taxed once as profit, and once as individual income when distributed as dividends to shareholders. Contrary to popular misconception, the ultimate burden of corporate income taxes doesn't fall on corporations, but is instead borne by workers, shareholders and consumers.
Additional questions about corporate taxes? Contact Bill Ahern at (202) 464-5101.
Tax Data from The Tax Foundation
- National-Level Statutory Corporate Tax Rates, 2008 , August 18, 2008
- Federal Corporate Income Tax Rates, Income Years 1909-2008, August 17, 2008
- OECD Nations Continue Cutting Corporate Tax Rates While U.S. Stands Still (Federal Plus Provincial/State Corporate Tax Rates for OECD Countries, 2007-2008) , August 13, 2008
- U.S. Business Tax Rates Fall Behind By Standing Still (Corporate Tax Rates in U.S. vs. OECD Average, 1981-2008), August 13, 2008
- National and State Corporate Income Tax Rates, U.S. States and OECD Countries, 2008 , August 13, 2008
- State and Local Corporate Income Tax Collections Per Capita and Per Household, Fiscal Year 2006 , June 3, 2008
- State Corporate Income Tax Collections Per Capita and Per Household, Fiscal Year 2004-2006 , June 3, 2008
- State Corporate Income Tax Rates, 2000-2008, March 22, 2008
- Corporate Tax Burden by Metropolitan Statistical Area (MSA), 2005 , October 24, 2007
- Corporate Income Taxes Paid by Congressional District, October 24, 2007
- State Business Tax Climate Index Rankings, 2003-2008 , October 10, 2007
- Fraction of Each Quintile's Total Tax Burden Accounted for by Each Type of Tax, Calendar Year 2004 , April 1, 2007
- Average Dollar Tax Burdens by Type of Federal Tax, Per Household, Calendar Year 2004 , April 1, 2007