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

State Tax Reform and Relief Enacted in 2022

July 13, 2022

State Tax Changes Taking Effect July 1, 2022

June 28, 2022

State Legislatures Take Up Tax Reform and Relief in 2022

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


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