Corporations Would Face Income Tax Exceeding 30 Percent in Most States Under Harris's Tax Plan

Combined Federal and State Corporate Tax Rates Under a 28 Percent Federal Corporate Income Tax Rate, 2024

Note: Combined rates include the ability for firms to deduct state income taxes against federal taxable income. Rates also include state deductibility of federal corporate income taxes paid.
Source: State statutes; State tax forms and instructions; Tax Foundation calculations.
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