As of 2025, the states with the highest top marginal corporate tax rates are New Jersey (11.5%), Minnesota (9.8%), and Illinois (9.5%).
The top corporate tax rates for states with a corporate income tax are:
New
Jersey: 11.5% (for income above $10 million)
Minnesota:
9.8%
Illinois:
9.5% (includes a 7% corporate income tax and a 2.5% personal property
replacement tax)
Alaska:
9.4% (graduated, for income above $222,000)
Maine:
8.93% (for income above $3.5 million)
California:
8.84% (flat rate)
Delaware:
8.7% (flat rate)
Vermont:
8.5% (for income above $25,000)
Maryland:
8.25% (flat rate)
Connecticut:
7.5% (with an 8.25% rate for income over $100 million)
Note that several states, including Nevada, Ohio, Texas, and Washington, impose a gross receipts tax instead of a traditional corporate income tax, while South Dakota and Wyoming have neither a corporate income nor a gross receipts tax.
As
of 2025, the states with the highest top marginal corporate tax rates
are New Jersey (11.5%),
Minnesota (9.8%), and Illinois (9.5%).
Forty-four
states impose a corporate income tax, with rates varying significantly. The top
marginal rates for the highest-tax states are:
New
Jersey: 11.5% (includes a 2.5% surtax on income over $1 million)
Minnesota:
9.8% (flat rate)
Illinois:
9.5% (includes a 2.5% personal property replacement tax, making the effective
rate 9.5%)
Alaska:
9.4% (graduated, reaching 9.4% on income over $222,000)
Maine:
8.93% (graduated, top rate on income over $3.5 million)
California:
8.84% (flat rate)
Delaware: 8.7% (flat rate, also imposes a gross receipts tax)
States
with no corporate income tax
Six states do not levy a corporate income tax: Nevada, Ohio, South Dakota, Texas, Washington and Wyoming.
However, several of these states impose a gross receipts tax instead, which applies to sales regardless of a business's profitability.
https://www.google.com/search?q=what+states+have+the+highest+corporate+tax+rates+2025
Norb Leahy, Dunwoody GA Tea Party Leader
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