State Corporate Income Taxes 2001–2003.
Robert S. McIntyre and T.D. Coo Nyugen, Citizens for Tax Justice and the Institute on Taxation and Economic Policy. Detailed assessments of the actual taxes paid by major US corporations and corporate sectors at the state level. Tax breaks often allow particular sectors, including energy, to pay an effective tax rate that is much lower than their statutory rate. Companion studies to various federal tax assessments done by CTJ and the tax breaks that allow them to dramatically reduce their federal tax liabilities. This report is a follow-up to the groups' September 2004 study of the federal income taxes paid—or not paid—by these same companies.