Us Corporate Tax Rate 2024. Under president biden’s tax plan, the united states would tax corporate income at the highest top rate in the industrialized world, averaging 65.1 percent. The current corporate income tax rate was set at 21 percent by the 2017 tax cuts and jobs act (tcja), reduced from 35 percent before.

Under president biden’s tax plan, the united states would tax corporate income at the highest top rate in the industrialized world, averaging 65.1 percent. Vice president kamala harris has endorsed increasing the corporate tax rate to 28% from 21%, her campaign said monday, echoing president biden’s position on the.