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

The Composition of Federal Revenue Has Changed Over Time

February 28, 2019

State Corporate Income Tax Rates and Brackets for 2019

February 27, 2019

Capital Allowances in Europe

February 14, 2019

Wisconsin Tax Options: A Guide to Fair, Simple, Pro-Growth Reform

February 13, 2019

Corporate Income Tax Rates in Europe

February 7, 2019

Sanders and Schumer’s Misguided Stock Buybacks Proposal

February 6, 2019

Amortizing Research and Development Expenses Under the Tax Cuts and Jobs Act

February 5, 2019

Wyoming’s Proposed Corporate Tax is More Burdensome Than It Appears

January 28, 2019

GILTI Minds: Why Some States Want to Tax International Income—And Why They Shouldn’t

January 28, 2019

Toward a State of Conformity: State Tax Codes a Year After Federal Tax Reform

January 28, 2019

Higher Corporate Tax Revenues Globally Despite Lower Tax Rates

January 22, 2019

New Swedish Coalition Government Proposes Sweeping Tax Cut Plan

January 21, 2019

Another Step on the Road Toward Fiscal Union?

January 10, 2019

Tax Changes Taking Effect January 1, 2019

December 27, 2018

Tax Trends Heading Into 2019

December 19, 2018

The Tax Cuts and Jobs Act After A Year

December 17, 2018

Does Your State Have a Throwback or Throwout Rule?

December 5, 2018

State Corporate Alternative Minimum Taxes Fall by the Wayside Post-TCJA

November 28, 2018

Corporate Tax Rates Around the World, 2018

November 27, 2018

Sweden is Competitive in Spite of a High Tax Burden

November 26, 2018