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

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March 29, 2022

Facts & Figures 2022: How Does Your State Compare?

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State Corporate Income Tax Rates and Brackets for 2022

January 18, 2022

State Tax Changes Effective January 1, 2022

January 11, 2022

Americans Moved to Low-Tax States in 2021

January 4, 2022

Aligning Kentucky’s Tax Code for Growth

November 30, 2021


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