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

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

Decomposing a Dynamic Revenue Estimate

Bureau of Economic Analysis Releases Q2 2018 GDP Estimate

Should Congress Reconsider the Tax Exemption of Pro Sports Organizations?

State-by-State Job Impacts of the Tax Cuts and Jobs Act in 2018

The Economics of 1986 Tax Reform, and Why It Didn’t Create Growth

The Distributional Impact of the Tax Cuts and Jobs Act over the Next Decade

Reforming the Pass-Through Deduction

Three Possible Impacts of the TCJA Related to the Financial Services Sector

Stock Buybacks Don’t Hinder Investment Spending

The OECD Highlights the Economic Growth Benefits of Full Expensing

Fee Proposal Would Discourage Companies from Hiring Lower-Income Workers

Contrary to “Fair Share” Claims, Businesses are Central to Tax Collection Systems

Not So Much Ado About Stock Buybacks—Q1 2018 Repurchases Comparable to Past Years

How Lowering Corporate Tax Rates Encourages Economic Growth