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

Small Business Tax Cuts: How Small?

Misadventures in Progressive Taxation: UK Edition

New Jersey Hits Maryland Company With Tax For Allowing Telecommuting

The Paul Ryan Budget Plan

Do Oil Companies Pay Their Fair Share in Taxes?

Tax Competition Alive and Well in France

U.S. Corporate Income Taxes: Countdown to #1

Location Matters U.S. Map

Tax Policy Podcast: James Hohman on Tax Reform and the Michigan Recovery

When It Comes to Business Taxes, Location Matters

Scott Hodge on States with the Highest and Lowest Business Taxes

Location Matters Summary Tables: New and Mature Firms

Location Matters (PowerPoint Presentation)

Location Matters

Location Matters Results by State

Location Matters: Firm-Specific Tables

VIDEO: Obama Imposing Isolationist Tax Policy

Romney’s New Tax Plan a Significant Improvement

More Thoughts on Obama’s Corporate Tax Plan

President Obama’s “Anti-Tax Reform” Plan