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

Ranking Corporate Income Taxes on the 2020 State Business Tax Climate Index

2020 State Business Tax Climate Index

Testimony: Massachusetts Options for Corporate Tax Reform

Sorting Out Pennsylvania’s New Corporate Nexus Requirements

Does Your State Have a Throwback or Throwout Rule?

Does Your State Levy a Capital Stock Tax?

State Tax Changes as of July 1, 2019

Arguments for Wyoming’s National Retail Fairness Act Partly Based on a Misunderstanding

Throwback and Throwout Rules: A Primer

Arizona Delivers Rate Cuts and Tax Conformity

State Corporate Income Taxes Increase Tax Burden on Corporate Profits

Minnesota Considers $1.35 Billion Biennial Tax Increase

Recapping the 2019 Arkansas Tax Reform

Prepared Testimony for the Connecticut Joint Committee on Finance, Revenue, and Bonding

Easing the Kentucky Combined Reporting Transition

Corporate Tax Reform Comes to Arkansas

New Mexico Tax Increase Package Advances

How Much Does Your State Collect in Corporate Income Taxes Per Capita?

State Corporate Income Tax Rates and Brackets for 2019

Wisconsin Tax Options: A Guide to Fair, Simple, Pro-Growth Reform