State Corporate Income Taxes Increase Tax Burden on Corporate Profits

Combined State and Federal Corporate Income Tax Rates in 2021

2021 combined federal and state corporate income tax rates. 2021 federal and state corporate tax rates. combined corporate income tax ratesDo corporations pay state and federal taxes?

The state with the highest combined corporate income tax rate is New Jersey, with a combined rate of 30.1 percent. Corporations in Alaska, California, Illinois, Iowa, Maine, Minnesota, and Pennsylvania face combined corporate income tax rates at or above 28 percent.