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

Another Step on the Road Toward Fiscal Union?

The Tax Cuts and Jobs Act After A Year

Corporate Tax Rates Around the World, 2018

Sanders’ New Bill Rests on Economic Misunderstandings

Technical Corrections to Tax Law Likely Addressed in Lame Duck Session

The TCJA Improved the United States’ International Tax Competitiveness Index Rankings

A Post-Brexit Budget for Growth? Not in the UK

New York Fed Blog Post Understates Effective Corporate Tax Rates

2018 International Tax Competitiveness Index

Evaluating the Changed Incentives for Repatriating Foreign Earnings

The Economics of Stock Buybacks

Testimony: The Positive Economic Growth Effects of the Tax Cuts and Jobs Act

Permanence for 100 Percent Bonus Depreciation Provides More Cost-Effective Growth than Permanence for Individual Provisions

The TCJA’s Expensing Provision Alleviates the Tax Code’s Bias Against Certain Investments

Sanders’ New Plan Would Hurt, Not Help, Low-Skill Workers

Proposed Corporate Rate Hike Would Damage Economic Output

Responding to the NYT’s Stock Buybacks Analysis

Lowering the Corporate Income Tax Rate Benefits Old and New Capital

The Benefits of Cutting the Corporate Income Tax Rate

What the Main Criticisms of Stock Buybacks Get Wrong