Corporate Income Taxes

Academic studies show that higher corporate tax rates depress worker wages and lead to fewer jobs. An Organisation for Co-operation and Development (OECD) study has found that the corporate tax is the least efficient and most harmful way for governments to raise revenue.

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Competitiveness Impact of Tax Reform for the United States

U.S. taxes on new business investment are uncompetitive globally. While corporate tax rate reductions would have a significant impact on competitiveness, expensing proposals currently being considered would add much more grease to make the wheels turn in the U.S. economy.

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Tax Freedom Day 2017 is April 23rd

Tax Freedom Day® is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. This year, Tax Freedom Day falls on April 23rd, 113 days into the year.

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Federal Tax Reform: The Impact on States

The federal government could pass comprehensive tax reform for the first time since 1986. Any federal tax change would impact state budgets, as most states tie their tax codes to the federal code. Here’s what states should expect and the options they’ll have if federal reform happens.

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corporate income taxes, income tax rates and brackets,
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State Corporate Income Tax Rates and Brackets, 2017

Corporate income taxes are levied in 44 states. Though often thought of as a major tax type, corporate income taxes account for just 5.4 percent of state tax collections and 2.7 percent of state general revenue. Here’s how corporate income taxes compare across the states.

6 min read