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

Tax Policy Podcast: Scott Hodge on Real Corporate Tax Reform

Obama Corporate Tax Plan: Lots of Pain for Little Gain

The President’s Corporate Tax Reform Plan: Rhetoric and Reality

State-Local Corporate Income Tax Collections, FY 2009

Recommendations for North Dakota’s Tax System

Michigan Implements Positive Corporate Tax Reform

Global Evidence on Taxes and Economic Growth: Payroll Taxes Have No Effect

Video: What Do U.S. Corporations Really Pay in Taxes?

“Buffett Rule” Will Boost Top Dividend Rate to Over 62%, Highest in OECD

South Carolina Governor Calls for Reducing Individual and Corporate Taxes

State Business Tax Climate Index Rankings, 2011-2012

Major Components of the State Business Tax Climate Index, FY 2012

Map: State Business Tax Climate Index, 2012

Insourcing: Newspeak for Protectionism

Canada Cuts Corporate Tax Rate to 15%, Lowest Overall Rate in G-7

How to Judge a Tax Plan

Fact Checking the Fact Checkers: Missing the Point on Tax Compliance

New Video on Corporate Taxes: Falling Behind by Standing Still

Why are Businesses Hoarding Cash and not Hiring?

Can You Do Better Than the Super Committee?