The Tax Cuts and Jobs Act (TCJA) introduced on January 1st, 2018 reduced the United States federal corporate income tax rate to 21 percent from 35 percent. Still, 44 of the 50 US states levy additional corporate income taxes which brings the average rate to 25.7 percent. Corporate Tax Rate in the United States averaged 32.68 percent from 1909 until 2018, reaching an all time high of 52.80 percent in 1968 and a record low of 1 percent in 1910.
Corporate Tax Rate in the United States is expected to be 21.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Corporate Tax Rate is projected to trend around 21.00 percent in 2020, according to our econometric models.