Paul L. Caron
Dean



Thursday, September 29, 2016

2017 Business Tax Climate: Chilliest in Blue States

Tax Foundation logoThe Tax Foundation has released the 2017 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

Louisiana

2

South Dakota

42

Maryland

3

Alaska

43

Connecticut

4

Florida

44

Rhode Island

5

Nevada

45

Ohio

6

Montana

46

Minnesota

7

New Hampshire

47

District of Columbia

8

Indiana

48

California

9

Utah

49

New York

10

Oregon

50

New Jersey

Interestingly, nine of the ten of the states with the worst business tax climates voted for Barack Obama in the 2012 presidential election, and six of the ten states with the best business tax climates voted for Mitt Romney.

2017 Business Tax Climate

 

Wall Street Journal, Another Win for the Cowboys:

Among the 10 worst states in this year’s index, not one appears on the Census Bureau’s most recent list of the 10 fastest growing states by population. That is unless you count the District of Columbia, where residents can enjoy living off the fat of all 50 states. 

Outside of Washington, D.C., where the flow of wealth is often involuntary, Americans are voting with their feet for lower taxes and more freedom. Among the 10 states with the most friendly business tax climates, four appear on the Census list of top 10 population boomers, with three more in the top 20.

https://taxprof.typepad.com/taxprof_blog/2016/09/2017-business-tax-climate-chilliest-in-blue-states.html

Tax, Think Tank Reports | Permalink

Comments

Interesting to compare with this ranking:

https://wallethub.com/edu/states-with-the-best-economies/21697/

Posted by: dgm | Sep 29, 2016 1:49:53 PM

It's also interesting to compare this ranking and the one Dgm linked to with poverty measures by state:

https://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate

Posted by: MM | Oct 2, 2016 9:54:05 AM