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2013 State Business Tax Climate Index
Tax Foundation ^ | October 9, 2012 | Scott Drenkard, Joseph Henchman

Posted on 10/09/2012 4:09:15 PM PDT by CharlesMartelsGhost

The 10 best states in this year’s Index are:

1.Wyoming 2.South Dakota 3.Nevada 4.Alaska 5.Florida 6.Washington 7.New Hampshire 8.Montana 9.Texas 10.Utah

The 10 lowest ranked, or worst, states in this year’s Index are:

41.Maryland 42.Iowa 43.Wisconsin 44.North Carolina 45.Minnesota 46.Rhode Island 47.Vermont 48.California 49.New Jersey 50.New York

(Excerpt) Read more at ...

TOPICS: Business/Economy; Government

The absence of a major tax is a dominant factor in vaulting many of these ten states to the top of the rankings. Property taxes and unemployment insurance taxes are levied in every state, but there are several states that do without one or more of the major taxes: the corporate tax, the individual income tax, or the sales tax. Wyoming, Nevada, and South Dakota have no corporate or individual income tax; Alaska has no individual income or state-level sales tax; Florida has no individual income tax; and New Hampshire and Montana have no sales tax.

The lesson is simple: a state that raises sufficient revenue without one of the major taxes will, all things being equal, have an advantage over those states that levy every tax in the state tax collector’s arsenal.

1 posted on 10/09/2012 4:09:18 PM PDT by CharlesMartelsGhost
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2 posted on 10/09/2012 4:13:05 PM PDT by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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