Corporate Income Taxes

In addition to the federal corporate income tax rate, many U.S. 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. According to a recent Federal Reserve study, state corporate taxes hurt entrepreneurship

State Corporate Income Tax Rates and Brackets

Corporate Tax Rates by Country

Related Articles

Is Every Tax Cut Kansas?

Contrary to “Fair Share” Claims, Businesses are Central to Tax Collection Systems

Not So Much Ado About Stock Buybacks—Q1 2018 Repurchases Comparable to Past Years

States Can’t Just Hit Pause on Implications of Federal Tax Reform

How Lowering Corporate Tax Rates Encourages Economic Growth

What’s in the Iowa Tax Reform Package

Missing Some Context on Stock Buybacks

Minnesota’s Tax Plans Make Modest Improvements

Assessing the Bureau of Economic Analysis 2018 Q1 GDP Estimate

Business Investment Increases by 39 Percent in Q1 2018

Missouri Corporate Tax Reform Bill Receives Bipartisan Support, But Prospects Uncertain

Reforming Arkansas’s Income Taxes

Seattle Business Head Tax Proposal Threatens its Thriving Tech Sector

A Measured Approach to Income Tax Relief in Minnesota

Missouri Senate Approves Corporate Tax Cuts

Latvia Joins the Cash-Flow Tax Club

Kentucky Legislature Overrides Governor’s Veto to Pass Tax Reform Package

Three Tax Plans Under Consideration in Missouri

Lawmakers May Vote on Making Key Provisions of the TCJA Permanent

China Announces Retaliatory Tariffs on U.S. Goods