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 U.S. Ranks Poorly on Cost Recovery

Maryland Governor Touts Benefits of Film Tax Credits, Despite Evidence to the Contrary

Baucus Proposal to Focus on Corporate Tax Reform

A Tax Increase on Corporations Increases Taxes on Individuals

Virginia Gubernatorial Candidate Tax Proposals

Map: Share of State Tax Revenues from Corporate Income Tax

12 Steps for Economic Growth

Twelve Steps toward a Simpler, Pro-Growth Tax Code

The Neutral Cost Recovery System: A Pro-Growth Solution for Capital Cost Recovery

A Lot Has Changed in the 27 Years Since the Last Major Tax Reform

Another Study Confirms U.S. Corporations Pay High Effective Tax Rate

Understanding America’s Tax Code on the Path to Tax Reform

JCT: Corporate Tax Falls Partly on Labor

Illinois Faces More Incentive Demands Due to High Corporate Rate

Oregon Changes Tax Structure for Most Businesses

Portugal to Exit the High Corporate Tax Club

Clinton: Corporate Tax Rate ‘Needs to Come Down’

The Long Goodbye to U.S. Corporations

Despite What Jimmy Carter Thinks, Americans Live Better Today Than in the 1970s

West Virginia to Reduce Corporate Income Tax Rate