International Business Times: How Changing Corporate Tax Rates Affects The Economy, Government Revenue

As Suarez Serrato pointed out in the IBT interview, the study also highlighted the gulf between statutory and effective corporate tax rates.  While the federal corporate rate stands at 35 percent and the average state rate is just over 6 percent, two studies by the Institute on Taxation and Economic Policy found that, taking loopholes into account, the effective rates are closer to 21 percent and 3 percent, respectively. Read more