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

Seattle City Council Votes Overwhelmingly to Repeal New Business Head Tax

New Jersey Still Considering Hefty Corporate Tax Increase, a Move in the Wrong Direction

Seattle’s New Business Head Tax Law is Deeply Unpopular

Governor Dayton Vetoes Minnesota’s Conformity Bill

Is Every Tax Cut Kansas?

States Can’t Just Hit Pause on Implications of Federal Tax Reform

How Lowering Corporate Tax Rates Encourages Economic Growth

What’s in the Iowa Tax Reform Package

Minnesota’s Tax Plans Make Modest Improvements

Missouri Corporate Tax Reform Bill Receives Bipartisan Support, But Prospects Uncertain

Reforming Arkansas’s Income Taxes

Seattle Business Head Tax Proposal Threatens its Thriving Tech Sector

A Measured Approach to Income Tax Relief in Minnesota

Missouri Senate Approves Corporate Tax Cuts

Kentucky Legislature Overrides Governor’s Veto to Pass Tax Reform Package

Three Tax Plans Under Consideration in Missouri

Updated Kentucky Tax Reform Package Would Boost State from 33rd to 18th on the State Business Tax Climate Index (Updated)

Two States Cut Taxes Due to Federal Tax Reform

New Jersey on Path to Tying for Highest Corporate Tax Rate in Country

Maine Tax Conformity Bill a Step Toward Better Policy