# Corporate Tax Rate

*Taxes — Finicade finance glossary*

The corporate tax rate is the statutory rate on company profits — 21% federally in the US since 2017, with state taxes on top. The gap between statutory and effective rates is where the real story sits: credits, accelerated depreciation and profit-shifting mean many large firms pay far less. Who ultimately bears the tax — shareholders, workers or customers — is one of the oldest unsettled questions in public finance.

**Also known as:** corporation tax, company tax rate

**Related terms:** [Double Taxation](https://finicade.com/glossary/double-taxation), [Effective Tax Rate](https://finicade.com/glossary/effective-tax-rate), [Transfer Pricing](https://finicade.com/glossary/transfer-pricing), [Tax Haven](https://finicade.com/glossary/tax-haven), [Pass-Through Entity](https://finicade.com/glossary/pass-through-entity)

Source: https://finicade.com/glossary/corporate-tax-rate