Wednesday, October 29, 2014

2015 Business Tax Climate: Chilliest in Blue States

The Tax Foundation yesterday released the 2015 State Business Tax Climate Index, which ranks the fifty states according to five indices: corporate tax, individual income tax, sales tax, unemployment insurance tax, and property tax. Here are the ten states with the best and worst business tax climates:
1
Wyoming
41
Iowa
2
South Dakota
42
Connecticut
3
Nevada
43
Wisconsin
4
Alaska
44
Ohio
5
Florida
45
Rhode Island
6
Montana
46
Vermont
7
New Hampshire
47
Minnesota
8
Indiana
48
California
9
Utah
49
New York
10
Texas
50
New Jersey
Interestingly, all 10 of the states with the worst business tax climates voted for Barack Obama in the 2012 presidential election, and seven of the ten states with the best business tax climates voted for Mitt Romney..... what a coincidence.
Tax Foundation

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