Center for State 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


Featured Research

2021 State Business Tax Climate Index

October 21, 2020

State Forecasts Indicate $121 Billion 2-Year Tax Revenue Losses Compared to FY 2019

July 15, 2020

State Tax Changes Effective July 1, 2020

July 9, 2020

Tax Policy After Coronavirus: Clearing a Path to Economic Recovery

April 22, 2020

Tracking State Legislative Responses to COVID-19

April 2, 2020

State Corporate Income Tax Rates and Brackets for 2020

January 28, 2020


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