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State Income Taxes Increase Burden on Corporate Profits

State Income Taxes Increase Burden on Corporate Profits

by TaxOps | May 14, 2019 | State and Local, Tax News

While tax reform in 2017 lowered the federal income tax rate from 3% to 21%, most states also tax corporate income. Scott Eastman for The Tax Foundation says these state-level taxes raise the average corporate income tax rate to 25.9% in 2019. In-state rates vary...

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