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The 35 Percent Corporate Tax Myth

Profitable corporations are subject to a 35 percent federal income tax rate on their U.S. profits. But many corporations pay far less, or nothing at all, because of the many tax loopholes and special breaks they enjoy.

Fortune 500 Companies Hold a Record $2.6 Trillion Offshore

It is almost always the case that profits reported by American corporations to the IRS as earned in tax havens were actually earned in the United States or another country with a tax system similar to ours.

The Consequences of Adopting a Territorial Tax System

President Trump and Republican leaders in Congress have proposed a “territorial” tax system, which would allow American corporations to pay no U.S. taxes on most profits they book offshore. This would worsen the already substantial problem of corporate tax avoidance.

State and Local Tax Contributions of Young Undocumented Immigrants

This report specifically examines the state and local tax contributions of undocumented immigrants who are currently enrolled or immediately eligible for DACA and the fiscal implications of various policy changes.

Sound Tax Policy Made a Comeback in the States This Year

Major tax reform efforts this year in a diverse mix of states prioritized revenue raising for public investments, and tax cut proposals primarily targeted low-income working families.

Expertise

Federal Policy

ITEP’s federal policy resources provide quantitative and qualitative research and analysis on current tax policies, proposals, and reform options. Its distributional analyses highlight how tax proposals will affect low-income, middle-class and wealthy Americans nationally and in all 50 states.

Learn more about our Federal Policy work


State Policy

State taxes pay for essential public services, from education to health care. But the ideal design of a tax system is complicated. ITEP’s state policy resources offer insights into central issues, including the impact of state tax systems on individuals, families, and businesses. Its work also analyzes the sustainability of revenue sources over time.

Learn more about our State Policy work


Corporate Tax Research

ITEP’s corporate tax research examines the tax practices of Fortune 500 companies. Besides its corporate study on average effective tax rates paid by the nation’s largest, most profitable corporations, ITEP produces research on subjects such as offshore cash holdings, tax haven abuse, executive stock options and other tax loopholes.

See our Corporate Tax Policy work


Expert's View

"For the better part of the 20th century, the nation’s economic pie grew as did incomes for all Americans. But for the past 40 years, wages for ordinary Americans have stagnated while income growth and wealth have concentrated at the top. Our nation’s tax and other public policies play a big part in this damaging trend. Our policymakers owe working people more than tax cuts with unrealistic promises of economic growth."
Alan Essig

Alan Essig
Executive Director

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