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

The Fiscal Cliff and the Stock Market

November 9, 2012

CRS Pulls Disputed Report on Taxes and Economic Growth

November 2, 2012

Simulating the Economic Effects of Obama’s Tax Plan

November 1, 2012

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

October 23, 2012

A Quick Guide to the Obama and Romney Tax Plans

October 18, 2012

Comparing the Candidates’ Tax Plans

October 17, 2012

Second Debate Marred by Protectionist Rhetoric

October 17, 2012

Monday Map: State Tax Incentives for Business

October 15, 2012

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

October 15, 2012

Congressman Nunes Proposes a Bold New Approach to Taxing Business

October 12, 2012

2013 State Business Tax Climate Index: Corporate Tax Component

October 9, 2012

2013 State Business Tax Climate Index: Results

October 9, 2012

Politifact Perpetuates Commonly Held Misconceptions about International Taxation

October 9, 2012

Tax Policy Briefing for the First 2012 Presidential Debate

October 3, 2012

Simulating the Economic Effects of Romney’s Tax Plan

October 3, 2012

American People Deserve to Hear the Truth about Tax Policy

October 3, 2012

Putting a Face on America’s Tax Returns: Chart 27

September 24, 2012

Putting a Face on America’s Tax Returns: Chart 28

September 24, 2012

Putting a Face on America’s Tax Returns: Chart 26

September 24, 2012

Sweden to Lower their Corporate Rate to 22 Percent, 18 Points below Ours

September 21, 2012