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


Related Articles

Tennessee Should Build on Success and Improve Corporate Taxes

January 26, 2022

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

2022 State Business Tax Climate Index

December 16, 2021

Arkansas’s Sustainable Tax Reform: A Gift That Will Keep On Giving

December 9, 2021

Aligning Kentucky’s Tax Code for Growth

November 30, 2021

Pro-Growth Tax Reform for Oklahoma

November 8, 2021

Louisiana Voters Have Chance to Simplify Taxes and Lower Burdens

October 21, 2021

Florida Lawmakers Should Provide Certainty Around the State’s Corporate Income Tax Rate Reduction

October 1, 2021

Corporations in Most States Would Face Income Tax Rate Exceeding 30 Percent Under Ways and Means Proposal

September 15, 2021

Does Your State Have a Corporate Alternative Minimum Tax (AMT)?

August 11, 2021

Here’s How Louisiana’s Tax Plan Would Simplify the Tax Code and Benefit Residents

August 2, 2021

North Carolina Considers Corporate Income Tax Repeal and Individual Income Tax Relief

July 23, 2021

Even Within States, Tax Treatment Differs by Industry

July 15, 2021

States Respond to Strong Fiscal Health with Income Tax Reforms

July 15, 2021

Property and Sales Taxes Are a Major Driver of Corporations’ State and Local Tax Burdens

July 8, 2021

Michigan Looks to Lower Corporate Income Tax Rate to Improve State Competitiveness

July 1, 2021

State and Local Tax Structure Has a Critical Impact on Corporate Tax Burdens

July 1, 2021

State Tax Changes Taking Effect July 1, 2021

June 29, 2021