TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Tuesday, October 24, 2017

2018 Business Tax Climate: Chilliest In Blue States, Warmest In Red States

Tax Foundation logoThe Tax Foundation has released the 2018 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

Rhode Island

2

South Dakota

42

Louisiana

3

Alaska

43

Maryland

4

Florida

44

Connecticut

5

Nevada

45

Ohio

6

Montana

46

Minnesota

7

New Hampshire

47

Vermont

8

Utah

48

California

9

Indiana

49

New York

10

Oregon

50

New Jersey

Interestingly, eight of the ten states with the worst business tax climates voted for Hillary Clinton in the 2016 presidential election, and seven of the ten states with the best business tax climates voted for Donald Trump.

Tax Foundation
 

http://taxprof.typepad.com/taxprof_blog/2017/10/2018-business-tax-climate-chilliest-in-blue-states.html

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Comments

California has a more business-friendly corporate income tax than Texas. Who knew?
Meanwhile, Louisiana spends more money subsizing the Saints than it collects in corporate income tax and ranks 42nd on the list.

With an on-staff graphic designer an organization can get its pronouncements treated like the sermon on the Mount.

Posted by: Jim harper | Oct 24, 2017 11:34:30 AM