Center for Federal Tax Policy

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

Adding Bonus Expensing to the Camp Tax Reform Plan

July 7, 2014

Foreign Account Tax Compliance Act (FATCA) Goes Into Force Today

July 1, 2014

Tax Inversions are a Symptom, Corporate Tax Reform is the Cure

June 26, 2014

The OECD Wants Us to Be More Like Them

June 20, 2014

Medtronic Embarks on Self-help Tax Reform

June 16, 2014

Why the IRS Thinks California Chrome is Different

June 12, 2014

Likely “Solutions” to Highway Trust Fund Shortfall Violate Sound Tax Policy and User-Pays Principle

June 11, 2014

A Basic Lesson on the U.S.’s Corporate Income Tax System

June 11, 2014

Japan’s Tax Reforms and its Blockbuster GDP Growth

June 10, 2014

One Way to Grow the Economy: Cut the Corporate Tax Rate

June 10, 2014

Norway’s Addiction to Taxes on Oil

June 9, 2014

Deductions for Executive Pay Is Not a Subsidy

June 9, 2014

CTJ and U.S. PIRG Mislead with New Report on Corporate Taxes

June 5, 2014

Japan Attracting Business with Corporate Tax Reforms

June 4, 2014

The Common Misconception about the Lower Rate on Capital Gains and Dividends

June 2, 2014

Comparing the Growth and Revenue Effects of Four Proposed Depreciation Systems: Baucus, Camp, Wyden, and Full Expensing

June 2, 2014

Some Tax Cuts Pay for Themselves

May 29, 2014

CTJ’s Measurement Problem

May 28, 2014

Has Bonus Expensing Helped Investment?

May 27, 2014

Permanently Extending Bonus Depreciation Grows the Economy

May 27, 2014