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

Weekly Map: Top State Corporate Income Tax Rates

March 26, 2013

State Corporate Income Tax Rates, 2000-2014

March 22, 2013

Rhode Island Governor Proposes Business Tax Cut, Legislative Leadership Agrees

March 21, 2013

UK Dropping Corporate Rate to 20 Percent, Half the US Rate

March 21, 2013

U.S. Corporate Tax Rate Fails to Move with Competition

March 20, 2013

New Mexico’s Lawmakers Compromise to Pass Corporate Tax Cut Reduction Package

March 20, 2013

The Ryan and Murray Budget Plans

March 20, 2013

How Would the U.S. Fare in March Madness?

March 20, 2013

Murray’s Budget: No Real Reform in Sight

March 19, 2013

Tax Policy Center Espouses Minority View on Capital Income Taxes

March 19, 2013

Alaska Legislators Advance Modest Corporate Income Tax Bill

March 18, 2013

Facts & Figures 2013: How Does Your State Compare?

March 18, 2013

Dave Camp Floats a Rewrite of Small Business Tax Rules

March 14, 2013

Louisiana Governor Jindal Releases Tax Plan Details: Repeals Income Tax, Broadens Sales Tax

March 14, 2013

State Corporate Income Tax Collections Per Capita, Fiscal Years 2007-2011

March 14, 2013

Sources of State and Local Tax Revenue, Fiscal Years 2008-2010

March 14, 2013

Selected Federal Rates, 2012 – 2013

March 14, 2013

Growth Dividend from a Lower Corporate Tax Rate

March 12, 2013

Corporate Tax Reform, Not Closing Loopholes, Will Create the Revenue We Need

February 28, 2013

Happy Birthday to the Kennedy Tax Cuts

February 26, 2013