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

More Questions About the Obama Tax Plan

August 14, 2008

Sen. Levin Should Know That Corporate Income Taxes are Taxes on Profits; No Profits, No Taxes

August 13, 2008

New Study: U.S. Corporate Tax Rate 50% Higher than Economic Competitors

August 13, 2008

OECD Finds Corporate Taxes Most Harmful to Economic Growth

August 13, 2008

AP Corrects Corporate Tax Story

August 13, 2008

U.S. Corporate Taxes Now 50 Percent Higher than OECD Average

August 13, 2008

When Innumerate Reporters Attack!

August 12, 2008

Democratic Draft Platform Details More Tax Complexity Despite Call for Simplification

August 12, 2008

Again, How About a Windfall Profits Tax on Farmers?

August 12, 2008

Would Obama’s Tax Plan Cost Jobs?

August 7, 2008

Post Joins Criticism of Obama Windfall Profits Tax Gimmick

August 6, 2008

New Tax Foundation YouTube Video on Corporate Taxes

July 31, 2008

Thoughts on the BATSA Hearing

June 25, 2008

Dubious BATSA Scoring from the NGA

June 25, 2008

Testimony on H.R. 5267, the Business Activity Tax Simplification Act of 2008

June 24, 2008

Arizona’s Special Interest Laundry List

June 24, 2008

Certainty and Uniformity: The Standards (Testimony Before Congress on H.R. 5267, the Business Activity Tax Simplification Act of 2008)

June 24, 2008

A Brief Review of the Literature for Presidential Hopefuls

June 17, 2008

Study Says Labor Would Benefit Most From Corporate Income Tax Rate Cut

June 3, 2008

Record Taxes Paid before Record Oil Profits

May 2, 2008