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

Average Dollar Tax Burdens by Type of Federal Tax, Per Household, Calendar Year 2004

April 1, 2007

Fraction of Each Quintile’s Total Tax Burden Accounted for by Each Type of Tax, Calendar Year 2004

April 1, 2007

The Hidden Tax for Sm(all) Business in Governor Blagojevich’s Gross Receipts Tax

March 29, 2007

Estimating Federal Tax Burdens for Major City Areas, Counties, and U.S. Congressional Districts

March 22, 2007

Putting Taxes on the Map: Federal Tax Burdens by City, County, Congressional District and State

March 22, 2007

A Golden Opportunity for Tax Reform

February 28, 2007

Companies’ Fair Share: Zero Percent

February 22, 2007

Corporate Tax Reform Will Enhance Kansas Competitiveness

February 21, 2007

Tax Reform Can Boost Kansas’ Tax Climate

February 21, 2007

What is Corporations’ Fair Share of the U.S. Tax Burden?

February 20, 2007

Phone Company Sends Text Message: Remit Payment for Service and Taxes

February 13, 2007

New Report on the Flaws of Gross Receipts Taxes

January 31, 2007

Gross Receipts Taxes in State Government Finances: A Review of Their History and Performance

January 31, 2007

Tax Reform in Michigan: Replacing the Single Business Tax

January 24, 2007

New Year Brings Multitude of New State Tax Laws

January 3, 2007

Ohio CAT Raising More Money than Expected

December 30, 2006

What West Virginia Needs to Do in Order to Compete in the 21st Century

December 11, 2006

How Much Do Taxes Affect Business Location Decisions?

December 7, 2006

New Podcast Interview with Economist Mihir Desai

December 5, 2006

Tax Pyramiding: The Economic Consequences of Gross Receipts Taxes

December 4, 2006