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

Update on North Carolina Tax Reform Efforts

Wisconsin Plan Cuts Rates, Broadens Bases, Improves State Business Tax Climate Ranking

NY Times Understates Corporate Tax Rate

Another Perspective on the Apple Hearing

Apple’s Appearance before the Senate Clarifies the Need for Comprehensive Tax Reform

Kyle Pomerleau on Apple’s Tax Hearing in the Senate

U.S. Multinationals Paid More Than $100 Billion in Foreign Income Taxes

Scott Hodge on Apple’s Tax Hearing in the Senate

Rhode Island Governor Proposes Positive Corporate Tax Reform

The Tax Treatment of Capital Assets and Its Effect on Growth: Expensing, Depreciation, and the Concept of Cost Recovery in the Tax System

Open letter to Sen. Bernie Sanders on Corporate Tax Rates

Governor Corbett’s Tax Reform Proposal (Testimony to Pennsylvania House Finance Committee)

The Oil Industry’s Tax Burden and Another Attempt to Increase it

Standard Economics Says Capital Income Taxes Should Be Zero

Tax Freedom Day® 2013 is April 18, Five Days Later Than Last Year

Weekly Map: Top State Corporate Income Tax Rates

State Corporate Income Tax Rates, 2000-2014

Rhode Island Governor Proposes Business Tax Cut, Legislative Leadership Agrees

UK Dropping Corporate Rate to 20 Percent, Half the US Rate

U.S. Corporate Tax Rate Fails to Move with Competition