1Note: this table uses combined sales tax rates that include a state and an average local tax rate. Forty-six states collect statewide sales taxes and local sales taxes are collected in 38 states.
2Note: forty-four U.S. states levy corporate income tax ranging from 2.5% in N. Carolina to 12% in Iowa. Four states do not levy corporate income tax. Some states levy a gross receipts tax in addition or instead of income tax. This table only covers corporate income tax. The tax rates are as of January 1, 2020 and are subject to change. You should not rely on this information to file your taxes. We recommend that you seek professional assistance of a CPA to calculate and file your income tax returns.