United States Corporate Income Tax Rate

Since then the rate has increased to as high as 52 8 in 1969.
United states corporate income tax rate. Prior to the tax cuts and jobs act of 2017 the tax rate was 35. Indirect tax rates individual income tax rates employer social security rates and employee social security rates and you can try our interactive tax rates tool to compare tax rates by country jurisdiction or region. This rate puts the united states in line with the average among organisation for economic co operation and development oecd member nations. 115 97 permanently reduced the 35 cit rate on resident corporations to a flat 21 rate for tax years beginning after 31 december 2017.
Corporate tax is imposed in the united states at the federal most state and some local levels on the income of entities treated for tax purposes as corporations. Corporate income tax rate central government central government sub central government corporate income tax rate combined corporate income tax rate. Since january 1 2018 the nominal federal corporate tax rate in the united states of america is a flat 21 due to the passage of the tax cuts and jobs act of 2017. In addition to the federal corporate income tax which applies to all corporations nationwide all but six states charge an additional state corporate income tax on top of federal taxes.
This page provides united states corporate tax rate actual values historical data forecast chart statistics economic calendar and news. The corporate tax rate applies to your business s taxable income which is your revenue minus expenses. Among other things p l. Federal corporate tax rate currently the federal corporate tax rate is set at 21.
Us taxation of income earned by non us persons depends on whether the income has a nexus with the united states and the level and extent of the non us person s presence in the united states. Though often thought of as a major tax type corporate income taxes account for an average of just 4 73 percent of state tax collections and 2 27 percent of state general revenue. Data is also available for. The corporate tax rate in the united states stands at 21 percent.
Kpmg s corporate tax rates table provides a view of corporate tax rates around the world. The creation of the federal corporate income tax occurred in 1909 when the uniform rate was 1 for all business income above 5 000. As such the statutory corporate income tax rate in the united states including an average of state corporate income taxes is 25 7 percent. Corporate income taxes are levied in 44 states.