The proposed 2025 tax reform is stirring up conversations. If passed, the corporate tax rate would drop from 21% to 15%. While not yet a done deal, it has the potential to create big changes for businesses across the country—especially digital marketing agencies.
DesignRush, a B2B marketplace that connects businesses with top agencies, conducted a comprehensive analysis of the proposed tax cuts – claiming some states would see major savings, while others, not so much.
This report looks at how these changes might play out in real numbers. It breaks down how much agencies could save (or still pay), highlights unexpected outliers, and offers insights on what this could mean for digital businesses in 2025.
Key Findings:
- Delaware emerges as the top state, offering the highest tax benefit of 8.44%, potentially saving agencies $76,786.
- Nebraska follows with the largest total savings, $220,081, but a slightly lower tax benefit percentage of 7.36%.
- Alaska lags far behind, with just a 0.63% reduction, translating to minimal savings of $12,708.
- Texas, often touted as a business-friendly state, offers only a modest 2.65% reduction, resulting in $54,218 in savings.
- California, despite its reputation for high taxes, lands a similar 2.76% reduction, saving $42,891.
- Wyoming, a low-tax haven, barely benefits at all, with just $6,719 in savings—though this reflects its already favorable tax environment.
Despite the tax reform being proposed under Republican leadership, 7 of the top 10 states that would benefit most are Democrat-led. This highlights how economic factors, not just political affiliations, shape the effectiveness of such reforms.