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


Related Articles

France Could Be on its Way to a More Competitive Tax System

October 31, 2019

Saez and Zucman’s Latest Estimates of Tax Burdens Don’t Fully Consider the Impact of Taxes on Saving and Investment

October 28, 2019

Tax Competitiveness is on the Agenda in Greece

October 23, 2019

2020 State Business Tax Climate Index

October 22, 2019

UK Taxes: Potential for Growth

October 17, 2019

Testimony: Massachusetts Options for Corporate Tax Reform

October 16, 2019

Repealing the Federal Tax Exemption for Credit Unions

October 16, 2019

Sorting Out Pennsylvania’s New Corporate Nexus Requirements

October 15, 2019

Comparing Europe’s Tax Systems: Corporate Taxes

October 10, 2019

Better than the Rest

October 9, 2019

Legislation Introduced to Cancel R&D Amortization

October 2, 2019

International Tax Competitiveness Index 2019

October 2, 2019

Recent Changes in Statutory Corporate Income Tax Rates in Europe

September 12, 2019

Does Your State Have a Throwback or Throwout Rule?

September 4, 2019

Tax Revenue in Asian and Pacific Economies

August 29, 2019

Does Your State Levy a Capital Stock Tax?

August 21, 2019

The Trade-offs of Tax Transparency Measures

July 25, 2019

State Tax Changes as of July 1, 2019

July 11, 2019

Changes in the Effective Average Corporate Income Tax Rates in Europe

July 11, 2019

Arguments for Wyoming’s National Retail Fairness Act Partly Based on a Misunderstanding

July 2, 2019