State Corporate Income Taxes 2001-2003
reportLast September, Citizens for Tax Justice and the Institute on Taxation and Economic Policy published Corporate Income Taxes in the Bush Years, an in-depth look at the taxes that 275 large, profitable corporations paid, or failed to pay, on their U.S. profits over the 2001-03 period. That study found that by 2003, these corporations were able to shelter more than half of their U.S. profits from federal income taxes. Since then, we’ve taken a hard look at what large corporations paid in state income taxes over those three years, which we report here.