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

Competitiveness Impact of Tax Reform for the United States

Tax Freedom Day 2017 is April 23rd

The Business Tax Relief and State-by-State Effects of the House GOP Blueprint

How a Destination-Based Tax System Reduces Tax Avoidance

Lessons from Australia’s GST Implementation for Considering the U.S. Border Adjustment

The Effect of the House GOP Blueprint for Tax Reform on the Exchange Rate of the Dollar

CBO Report Compares U.S. Corporate Tax to G20

Federal Tax Reform: The Impact on States

Understanding the House GOP’s Border Adjustment

Long Run Growth and Budget Effects of Reducing the Corporate Tax Rate to 20 Percent

FAQs about the Border Adjustment

What is the Distributional Impact of a Destination-Based Cash-Flow Tax?

A Beginner’s Guide to Trade and Foreign Exchange

What Do the Election Results Mean for Tax Policy?

How do Clinton and Trump’s Tax Plans Compare?

Details and Analysis of Donald Trump’s Tax Plan, September 2016

How the U.S. Corporate Tax Rate Compares to the Rest of the World

Corporate Income Tax Rates around the World, 2016

Addressing Poor Arguments Against the Interest Deduction

The Corporate Income Tax is Most Harmful for Growth and Wages