Publications
Corporate Income Taxes
The federal corporate income tax was first instituted in 1909 when income above $5,000 was subjected to a one percent tax rate. Since then it has changed approximately 35 times, with the current top rate at 35 percent. Additionally, many 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.
Additional questions about corporate taxes? Contact Bill Ahern at (202) 464-5101.
Publications from The Tax Foundation
- Testimony on H.R. 5267, the Business Activity Tax Simplification Act of 2008, by Joseph Henchman, June 24, 2008
- Arizona's Special Interest Laundry List, by Josh Barro and Joseph Henchman, June 24, 2008
- The Distributional Impact of Windfall Profits Taxes and a Gas Tax Holiday, by Gerald Prante, May 2, 2008
- Urging a Stop to South Dakota's Discriminatory Insurance Taxes—Metropolitan Life Ins. Co. v. Kinsman, by Joseph Henchman, April 15, 2008
- Tax: Fundamentals in Advance of Reform (Testimony of Robert J. Carroll Before the Senate Committee on Finance), by Robert Carroll, April 15, 2008
- The Economic Consequences of Being Left Behind: A U.S. Business Tax System that is Out of Line Internationally, by Robert Carroll, April 4, 2008
- U.S. States Lead the World in High Corporate Taxes, by Scott A. Hodge, March 18, 2008
- Fiscal Stimulus: Missing the Big Picture?, by Robert Carroll, January 11, 2008
- Congress Finally Considers Lower Corporate Tax Rate but Underestimates International Tax Competition, by Chris Atkins and Scott A. Hodge, October 25, 2007
- Personalizing the Corporate Income Tax, by Gerald Prante and Scott A. Hodge, October 25, 2007
- 2008 State Business Tax Climate Index (Fifth Edition), by Chris Atkins and Curtis S. Dubay, October 10, 2007
- Q&A on the Carried Interest Debate, by TF Staff, September 7, 2007
- U.S. Still Lagging Behind OECD Corporate Tax Trends, by Chris Atkins and Scott A. Hodge, July 24, 2007
- Asking the U.S. Supreme Court to Settle Tax Nexus Issue—FIA Card Services, N.A., fka MBNA America Bank, N.A., v. Tax Commissioner of the State of West Virginia, by Chris Atkins and Kyle O. Sollie, May 9, 2007
- The Hidden Tax for Sm(all) Business in Governor Blagojevich's Gross Receipts Tax, by Chris Atkins, March 29, 2007
- Putting Taxes on the Map: Federal Tax Burdens by City, County, Congressional District and State, by Gerald Prante and Andrew Chamberlain, March 22, 2007
- Estimating Federal Tax Burdens for Major City Areas, Counties, and U.S. Congressional Districts, by Gerald Prante and Andrew Chamberlain, March 22, 2007
- Gross Receipts Taxes in State Government Finances: A Review of Their History and Performance, by John L. Mikesell, January 31, 2007
- Tax Reform in Michigan: Replacing the Single Business Tax, by Jonathan Williams and Chris Atkins, January 24, 2007
- Tax Pyramiding: The Economic Consequences of Gross Receipts Taxes, by Patrick Fleenor and Andrew Chamberlain, December 4, 2006
- Double-Taxing Capital Income: How Bad Is the Problem?, by Patrick Fleenor, November 16, 2006
- Options for Reforming the U.S. Corporate Income Tax, by Jonathan Williams and Patrick Fleenor, May 8, 2006
- Surge in Corporate Income Tax Collections Offers Opportunity for Tax Reform, by Jonathan Williams, May 8, 2006
- Growing Amount of Business Income Taxed by the Individual Income Tax Code, by Gerald Prante and Jonathan Williams, May 8, 2006
- U.S. Lagging Behind OECD Corporate Tax Trends, by Scott A. Hodge and Chris Atkins, May 5, 2006
- Large Oil Industry Tax Payments Undercut Case for Windfall Profits Tax, by Jonathan Williams and Scott A. Hodge, January 31, 2006
- The U.S. Corporate Income Tax System: Once a World Leader, Now A Millstone Around the Neck of American Business, by Chris Atkins and Scott A. Hodge, November 15, 2005
- A Twentieth Century Tax in the Twenty-First Century: Understanding State Corporate Tax Systems, by Chris Atkins, September 30, 2005
- Tax Reform and Revenue Neutrality: President's Panel Should Avoid the Redistribution of 1986, by Chris Atkins, July 13, 2005
- Montana Corporate Tax Disclosure Lawsuit is Built on Shaky Foundations, by Chris Atkins, March 22, 2005
- Manufacturing Employment, Productivity and the Business Cycle, by John A. Tatom, Ph.D., February 1, 2004
- The Corporate Tax Burden, by Stephen Slivinski, November 1, 2003
- The Economic and Political Implications of Repealing the Corporate Alternative Minimum Tax, by Michael S. Knoll and Terrence Chorvat, February 1, 2002
- The Economics of Government Subsidies: The Case of Rural Electric Cooperatives and the Propane Gas Industry, by William P. Orzechowski, November 1, 2001
- A Primer on the Corporate Income Tax: Incidence, Efficiency and Equity Issues, by Michael L. Marlow, November 1, 2001
- The Corporate Tax Burden, by John S. Barry, October 1, 2001
- The Federal Corporate Income Tax Since WWII, by J. Scott Moody, August 1, 1998
- A Half Century of Small Business Federal Income Tax Rates and Collections, by Arthur P. Hall, Ph.D. and Gary Leff, October 1, 1996
- The Impact of Federal Taxes on the Use of Debt by Closely-Held Corporations, by John R. Robinson, Stephen T. Limberg and C. Bryan Cloyd, November 1, 1995
- The Determinants of the Choice of Income Type as a Measure of Performance in Bonus Plans, by Daryl M. Guffey and Gregory A. Carnes, October 1, 1995
- The Approaching State Corporate Income Tax Crisis, by J. Dwight Evans, September 10, 1995
- Has Taxable Income Overtaken Financial Reporting Income?, by B. Anthony Billings, October 1, 1994
- Effects of Tax Policy on Corporate Financing Decisions: Integration of the Corporate and Personal Income Tax, by Craig T. Schulman, Ph.D., Deborah W. Thomas, J.D. and Keith F. Sellers, D.B.A, October 1, 1994
- A Primer on the Corporate Alternative Minimum Tax, by Chris R. Edwards, March 1, 1994
- The Corporate Tax Burden, by Chris R. Edwards, March 1, 1993
- Corporate Tax Burden Rises, by Paul G. Merski, July 1, 1991
- The Corporate Tax Burden, by Paul G. Merski, January 1, 1990
- The Uses of a Business Transfer Tax, by TF Staff, December 20, 1985
- Taxing Foreign Source Income: A Businessman's View, by B. Kenneth Sanden, December 1, 1977
- Corporate Tax Integration: A Quantitative Comparison of Alternatives, by Martin S. Feldstein and Daniel J. Frisch, December 1, 1977
- Taxing Foreign Source Income: The Economic and Equity Issues, by Norman B. Ture, May 1, 1976
- The Corporation Income Tax: An Examination of Its Role in the Federal Tax System, by TF Staff, December 1, 1968
- Reexamining the Federal Corporation Income Tax, by TF Staff, January 1, 1958
- Factors Affecting Industrial Location: A Bibliography, by TF Staff, December 1, 1956