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

OECD Nations Continue Cutting Corporate Tax Rates While U.S. Stands Still (Federal Plus Provincial/State Corporate Tax Rates for OECD Countries, 2008-2009)

The Corporate Income Tax and Workers’ Wages: New Evidence from the 50 States

Business Income Would Take Double Hit from New Surtax, Expiring Tax Cuts

New Surtax and Expiring Tax Cuts Could Hit Business Income Simultaneously

Bill O’Reilly, Individuals Pay Corporate Income Tax Too

The Dam Bursts in the Beaver State: Oregon’s Wave of Tax Increases and New Spending

Supreme Court Declines to Hear Geoffrey & Capital One Nexus Cases

IMF Blames Corporate Income Tax for Deepening of Financial Crisis

New Podcast: Robert Carroll of the Tax Foundation – Tax Deferral and International Tax Competition

Bank Secrecy, Tax Havens and International Tax Competition

What is Tax Deferral?

What is Tax Deferral?

Obama Corporate Tax Proposal Would Penalize U.S. Businesses Who Want to Compete in Global Marketplace

Who Pays for Climate Policy?

CBPP Issues Report on Tax Expenditures

States Respond To International Tax Haven Accusations

New Podcast: Congressman Tom Price (R-GA) – Obama Budget vs. GOP Alternative

Obama Creates Tax Reform Panel to Reduce Tax Gap

New Podcast: David Harsanyi of the Denver Post – The Politics of Taxes and Fiscal Policy in Colorado

Tax Foundation Research Plastered in Editorial Sections This Week