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

North Dakota Cuts Income Taxes Again

State Corporate Income Tax Rates and Brackets for 2015

Pennsylvania Governor Proposes Major Tax Overhaul

Connecticut Mulls Large Corporate Tax Increase, Sales Tax Base Expansion

What Pennsylvania Can Do on Tax Reform this Session

The Dual Tax Burden of S Corporations

Gov. Kasich’s Plan May Be A Tax Cut, But It’s Still Poor Policy

Comments on Who Pays? A Distributional Analysis of the Tax Systems in All 50 States (Second Edition)

New York City Mayor Announces Plans to Change City’s Corporate Income Tax Code

Maine Gears Up for a Serious Tax Reform Conversation

Taxes in Many States Changing January 1, 2015

Corporate Net Operating Loss Carryforward and Carryback Provisions by State

Is New York City Eyeing Corporate Tax Reform?

Governor Rick Scott Offers Mixed Bag of Tax Proposals for Florida

Alaska Voters to Decide Oil Production Tax Changes

Reviewing Rhode Island’s New Budget

New Jersey Budget Avoids Harmful Temporary Tax Hikes, Allows For State “Amazon Tax”

Business Tax Incentives in Nebraska: Is There a Better Way?

When Did Your State Adopt Its Corporate Income Tax?

Rhode Island Continues to Push for Mostly Positive Corporate Tax Reform