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

Running in Circles: Illinois’ Failed Experiment with Tax Hikes and Credits

Gan- Green: Renewable Energy Tax Credit and Corporate Favoritism

Individual Tax Rates Also Impact Business Activity Due to High Number of Pass-Throughs

Not in Kansas Anymore: Income Taxes on Pass-Through Businesses Eliminated

Louisiana Legislature Approves Basketball Tax Breaks

“Bring Jobs Home Act” (H.R. 5542) – Legislation in Search of the Facts

Pennsylvania House Approves Corporate Rate Cuts and Tries to Close the “Delaware Loophole”

Apple’s Taxes: A Teaching Moment About the Real Economic Impact of Corporate Taxes

States Without Income Taxes Rely on Varying Forms of Revenue

CBO: President’s Budget Worse than Taxmageddon

Pew Study Finds Many States Lack Fundamental Oversight of Tax Incentives

Buffett Rule is really an Anti-Corporate Rule

Monday Map: Top State Corporate Income Tax Rates

Will McBride Debates Corporate Taxes with Rick Santelli

Special Report No. 198: Tax Freedom Day 2012

Scott Hodge on the U.S. Having the Highest Corporate Tax Rate in the World

The Countdown is Over. We’re #1

What is Japan’s New Tax Rate?

Corporate Tax Video: We’re #1!

Corporate Tax Video: We’re #1!