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

Germany Promotes Competition with Shift to Territorial Taxation System

Maryland Democratic Legislators Open to Reducing Corporate Tax Rate

The United Kingdom’s Move to Territorial Taxation

Japan Disproves Fears of Territorial Taxation

What Canada Can Teach Us about Corporate Taxes

Canada’s Experience with Territorial Taxation

The Fiscal Cliff and the Stock Market

CRS Pulls Disputed Report on Taxes and Economic Growth

Simulating the Economic Effects of Obama’s Tax Plan

Retracted CRS Report on Taxes and Growth Flawed, But Still Cited

A Quick Guide to the Obama and Romney Tax Plans

Comparing the Candidates’ Tax Plans

Second Debate Marred by Protectionist Rhetoric

Monday Map: State Tax Incentives for Business

Spurred by Tax Foundation Index Ranking, Maine Gov. Calls for Corporate Tax Cut

Congressman Nunes Proposes a Bold New Approach to Taxing Business

2013 State Business Tax Climate Index: Corporate Tax Component

2013 State Business Tax Climate Index: Results

Politifact Perpetuates Commonly Held Misconceptions about International Taxation

Tax Policy Briefing for the First 2012 Presidential Debate