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

Three Differences Between Tax and Book Accounting that Legislators Need to Know

From the Archives: Tax Foundation Corporate Tax Burden Studies from the 1980s

The Benefits of Tax Competition

The Problem with Targeted Tax Incentives

From the Archives: Tax Foundation Research on Taxation of Interstate Commerce, 1966 and Today

Why Hasn’t the Payroll Tax Holiday Worked?

Podcast with the Wall Street Journal’s Steve Moore on the Debt Ceiling Negotiations

Bill Clinton: Cut Corporate Tax Rate, Broaden the Base, and Enact Repatriation Holiday

Some States Cut Business Tax Exemptions and Credits as Policymakers Try to Balance Budgets

Illinois Legislators Hint that Tax Increases Are Driving Away Jobs

New Podcast on the State of California’s Business Climate with Joseph Vranich

Florida Increases Corporate Income Tax Exemptions, Debates Repeal

The Ethanol Tax Credit and Sound Tax Policy

The Budget Debate in Pictures: A Look at CBO Projections and the Role that Bush-Era Tax and Spending Policies Play in the Deficit

Corporate Execs Offer to Give Up Tax Breaks in Return for Lower Rate

Effective Corporate Income Tax Rates and the Corporate Tax Yield

A Myth Worthy of Debunking: Investment by U.S. Corporations in Foreign Operations Kills American Manufacturing Jobs

Map: Top State Corporate Income Tax Rates, as of January 1st, 2011

Chairman Camp: Business Tax Reform for New Job Growth

Does Progressive Taxation Exacerbate State Budget Gaps?