The corporate income tax provides about one-half of the annual tax revenues for the typical U.S.state.

Name: The corporate income tax provides about one-half of the annual tax revenues for the typical U.S.state.
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According to the Tax Foundation, on average, the corporate income tax only provides about 5-6% of the annual tax revenues for U.S. states, which is much less than half. The majority of state tax revenue comes from individual income taxes and sales taxes.

The Corporate Income Tax Provides About One-Half of the Annual