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

Norway’s Addiction to Taxes on Oil

June 9, 2014

Deductions for Executive Pay Is Not a Subsidy

June 9, 2014

CTJ and U.S. PIRG Mislead with New Report on Corporate Taxes

June 5, 2014

Japan Attracting Business with Corporate Tax Reforms

June 4, 2014

The Common Misconception about the Lower Rate on Capital Gains and Dividends

June 2, 2014

Comparing the Growth and Revenue Effects of Four Proposed Depreciation Systems: Baucus, Camp, Wyden, and Full Expensing

June 2, 2014

Some Tax Cuts Pay for Themselves

May 29, 2014

Negative GDP Growth Illustrates the Need for Bonus Depreciation

May 29, 2014

Rhode Island Continues to Push for Mostly Positive Corporate Tax Reform

May 28, 2014

CTJ’s Measurement Problem

May 28, 2014

Has Bonus Expensing Helped Investment?

May 27, 2014

Permanently Extending Bonus Depreciation Grows the Economy

May 27, 2014

Foreign Effective Tax Rate for U.S. Corporations by Industry

May 22, 2014

High U.S. Corporate Tax Rate Chases Away Companies, Jobs and Tax Revenue

May 21, 2014

The Arbitrary Nature of Depreciation Asset Classes

May 21, 2014

The Ideal Anti-Inversion Policy

May 21, 2014

Interactive Map: Where do U.S. Multinational Corporations Report Foreign Taxable Income and Foreign Income Taxes Paid?

May 20, 2014

How Much Do U.S. Multinational Corporations Pay in Foreign Income Taxes?

May 19, 2014

Top 10 things to Know about Investment and Tax Policy

May 16, 2014

Faltering Investment and the Need for Expensing

May 15, 2014