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.


Featured Research

The Benefits of Cutting the Corporate Income Tax Rate

August 14, 2018

State Corporate Income Tax Rates and Brackets for 2018

February 7, 2018

New Federal Reserve Paper: State Corporate Taxes Hurt Entrepreneurship

January 16, 2018

Trends in State Tax Policy, 2018

December 14, 2017

The House Takes a Big Step Forward on Tax Reform

November 16, 2017

Updated Details and Analysis of the 2017 House Tax Cuts and Jobs Act

November 3, 2017


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