Business In America

Unlike the individual tax code, it’s often easy to view the business tax code impersonally. Who are the workers, consumers, and shareholders who interact with businesses in the U.S.? What forms do these businesses take? How do business taxes impact people’s lives?

It is essential we answer these questions in order to design a business tax system that is simple, efficient, and enables economic progress.

The posts below are designed to provide taxpayers and lawmakers with the facts and data necessary to better understand business taxes in America and have an open and productive debate.

Featured Research

U.S. Businesses Pay or Remit 93 Percent of All Taxes Collected in America

Taxable Income vs. Book Income: Why Some Corporations Pay No Income Tax

The Lowered Corporate Income Tax Rate Makes the U.S. More Competitive Abroad

Pass-Through Businesses Q&A

Corporate and Pass-through Business Income and Returns Since 1980

The Composition of Federal Revenue Has Changed Over Time

Not All Tax Expenditures Are Equal

May 23, 2019

Depreciation Requires Businesses to Pay Tax on Income That Doesn’t Exist

May 21, 2019

Taxes on Capital Income Are More Than Just the Corporate Income Tax

May 16, 2019

Marginal Tax Rates for Pass-through Businesses Vary by State

May 14, 2019

Pass-Through Businesses Q&A

May 9, 2019

State Corporate Income Taxes Increase Tax Burden on Corporate Profits

May 7, 2019

U.S. Businesses Pay or Remit 93 Percent of All Taxes Collected in America

May 2, 2019

Taxable Income vs. Book Income: Why Some Corporations Pay No Income Tax

May 2, 2019

The Lowered Corporate Income Tax Rate Makes the U.S. More Competitive Abroad

May 2, 2019

One of the most significant provisions in the Tax Cuts and Jobs Act was the reduction of the U.S. corporate income tax rate from 35 percent to 21 percent.

2017 GDP and Employment by Industry

April 30, 2019

Firm Variation by Employment and Taxes

April 25, 2019

Corporate and Pass-through Business Income and Returns Since 1980

April 23, 2019

Tax Policy and Entrepreneurship: A Framework for Analysis

April 3, 2019

A key element of America’s dynamism problem is a drop in entrepreneurship. Removing tax barriers for entrepreneurs would improve America’s dynamism while making America’s tax code more neutral, efficient, and simple for all taxpayers.

Increasing Individual Income Tax Rates Would Impact a Majority of U.S. Businesses

March 19, 2019

Since most U.S. businesses are pass-through businesses, such as partnerships, S corporations, LLCs, and sole proprietorships, changes to the individual income tax, especially to top marginal rates, can affect a business’s incentives to invest, hire, and produce.

The Composition of Federal Revenue Has Changed Over Time

February 28, 2019

The federal income tax and federal payroll tax make up a growing share of federal revenue. Individual income taxes have become a central pillar of the federal revenue system, now comprising nearly half of all revenue.

Unequal Tax Treatment Is Contributing to Rising Debt Levels for Entrepreneurs

December 13, 2018

Reforming the Pass-Through Deduction

June 21, 2018

Here's how the new pass-through deduction works and how it can be reformed to be less complex, less prone to abuse, more neutral, and more economically efficient.

Not All Tax Expenditures Are Equal

May 23, 2019

Depreciation Requires Businesses to Pay Tax on Income That Doesn’t Exist

May 21, 2019

Taxes on Capital Income Are More Than Just the Corporate Income Tax

May 16, 2019

Marginal Tax Rates for Pass-through Businesses Vary by State

May 14, 2019

Pass-Through Businesses Q&A

May 9, 2019

State Corporate Income Taxes Increase Tax Burden on Corporate Profits

May 7, 2019

U.S. Businesses Pay or Remit 93 Percent of All Taxes Collected in America

May 2, 2019

Taxable Income vs. Book Income: Why Some Corporations Pay No Income Tax

May 2, 2019

The Lowered Corporate Income Tax Rate Makes the U.S. More Competitive Abroad

May 2, 2019

One of the most significant provisions in the Tax Cuts and Jobs Act was the reduction of the U.S. corporate income tax rate from 35 percent to 21 percent.

2017 GDP and Employment by Industry

April 30, 2019

Firm Variation by Employment and Taxes

April 25, 2019

Corporate and Pass-through Business Income and Returns Since 1980

April 23, 2019

Tax Policy and Entrepreneurship: A Framework for Analysis

April 3, 2019

A key element of America’s dynamism problem is a drop in entrepreneurship. Removing tax barriers for entrepreneurs would improve America’s dynamism while making America’s tax code more neutral, efficient, and simple for all taxpayers.

Increasing Individual Income Tax Rates Would Impact a Majority of U.S. Businesses

March 19, 2019

Since most U.S. businesses are pass-through businesses, such as partnerships, S corporations, LLCs, and sole proprietorships, changes to the individual income tax, especially to top marginal rates, can affect a business’s incentives to invest, hire, and produce.

The Composition of Federal Revenue Has Changed Over Time

February 28, 2019

The federal income tax and federal payroll tax make up a growing share of federal revenue. Individual income taxes have become a central pillar of the federal revenue system, now comprising nearly half of all revenue.

Unequal Tax Treatment Is Contributing to Rising Debt Levels for Entrepreneurs

December 13, 2018

Not All Tax Expenditures Are Equal

May 23, 2019

Depreciation Requires Businesses to Pay Tax on Income That Doesn’t Exist

May 21, 2019

Marginal Tax Rates for Pass-through Businesses Vary by State

May 14, 2019

Taxable Income vs. Book Income: Why Some Corporations Pay No Income Tax

May 2, 2019

The Lowered Corporate Income Tax Rate Makes the U.S. More Competitive Abroad

May 2, 2019

One of the most significant provisions in the Tax Cuts and Jobs Act was the reduction of the U.S. corporate income tax rate from 35 percent to 21 percent.

Corporate and Pass-through Business Income and Returns Since 1980

April 23, 2019

Increasing Individual Income Tax Rates Would Impact a Majority of U.S. Businesses

March 19, 2019

Since most U.S. businesses are pass-through businesses, such as partnerships, S corporations, LLCs, and sole proprietorships, changes to the individual income tax, especially to top marginal rates, can affect a business’s incentives to invest, hire, and produce.

The Composition of Federal Revenue Has Changed Over Time

February 28, 2019

The federal income tax and federal payroll tax make up a growing share of federal revenue. Individual income taxes have become a central pillar of the federal revenue system, now comprising nearly half of all revenue.

Not All Tax Expenditures Are Equal

May 23, 2019

Depreciation Requires Businesses to Pay Tax on Income That Doesn’t Exist

May 21, 2019

Taxes on Capital Income Are More Than Just the Corporate Income Tax

May 16, 2019

Taxable Income vs. Book Income: Why Some Corporations Pay No Income Tax

May 2, 2019

The Lowered Corporate Income Tax Rate Makes the U.S. More Competitive Abroad

May 2, 2019

One of the most significant provisions in the Tax Cuts and Jobs Act was the reduction of the U.S. corporate income tax rate from 35 percent to 21 percent.

2017 GDP and Employment by Industry

April 30, 2019

Firm Variation by Employment and Taxes

April 25, 2019

Corporate and Pass-through Business Income and Returns Since 1980

April 23, 2019

The Composition of Federal Revenue Has Changed Over Time

February 28, 2019

The federal income tax and federal payroll tax make up a growing share of federal revenue. Individual income taxes have become a central pillar of the federal revenue system, now comprising nearly half of all revenue.

Marginal Tax Rates for Pass-through Businesses Vary by State

May 14, 2019

Pass-Through Businesses Q&A

May 9, 2019

2017 GDP and Employment by Industry

April 30, 2019

Firm Variation by Employment and Taxes

April 25, 2019

Corporate and Pass-through Business Income and Returns Since 1980

April 23, 2019

Increasing Individual Income Tax Rates Would Impact a Majority of U.S. Businesses

March 19, 2019

Since most U.S. businesses are pass-through businesses, such as partnerships, S corporations, LLCs, and sole proprietorships, changes to the individual income tax, especially to top marginal rates, can affect a business’s incentives to invest, hire, and produce.

The Composition of Federal Revenue Has Changed Over Time

February 28, 2019

The federal income tax and federal payroll tax make up a growing share of federal revenue. Individual income taxes have become a central pillar of the federal revenue system, now comprising nearly half of all revenue.

Reforming the Pass-Through Deduction

June 21, 2018

Here's how the new pass-through deduction works and how it can be reformed to be less complex, less prone to abuse, more neutral, and more economically efficient.