For 2023, the U.S. state with the highest tax rate on the highest corporate income bracket is New Jersey, with a top corporate income tax rate of 11.5 percent, which applies to companies with an income over one million U.S. dollars. North Carolina had the lowest top corporate tax rate of 2.5 percent, and both South Dakota and Wyoming have no corporate income tax.
Top marginal corporate income tax rates in the United States in 2023, by state
* Impose gross receipts taxes instead of corporate income tax.
** No corporate or gross income tax
*** In New Jersey, the rates indicated apply to a corporation's entire net income rather than just income over a certain threshold. A temporary and retroactive surcharge is in effect from 2020 to 2023, bringing the rate to 11.5% for businesses with income over $1 million.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Tax Foundation. (January 24, 2023). Top marginal corporate income tax rates in the United States in 2023, by state [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/762795/corporate-income-tax-rates-by-state-us/
Tax Foundation. "Top marginal corporate income tax rates in the United States in 2023, by state ." Chart. January 24, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/762795/corporate-income-tax-rates-by-state-us/
Tax Foundation. (2023). Top marginal corporate income tax rates in the United States in 2023, by state . Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/762795/corporate-income-tax-rates-by-state-us/
Tax Foundation. "Top Marginal Corporate Income Tax Rates in The United States in 2023, by State ." Statista, Statista Inc., 24 Jan 2023, https://www.statista.com/statistics/762795/corporate-income-tax-rates-by-state-us/
Tax Foundation, Top marginal corporate income tax rates in the United States in 2023, by state Statista, https://www.statista.com/statistics/762795/corporate-income-tax-rates-by-state-us/ (last visited December 22, 2024)
Top marginal corporate income tax rates in the United States in 2023, by state [Graph], Tax Foundation, January 24, 2023. [Online]. Available: https://www.statista.com/statistics/762795/corporate-income-tax-rates-by-state-us/
