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Which States Are Best for Business?(And the Worst!)
Tax Foundation ^
| October 11, 2006
| staff
Posted on 10/25/2006 1:35:53 PM PDT by kellynla
The State Business Tax Climate Index ranks how business friendly the 50 state tax systems are, providing a roadmap for state lawmakers concerned with keeping their states tax competitive. Since 2003, significant changes in a state's ranking, such as New Mexico and Maryland, reflect positive and negative changes in their state's tax system. (Read the full report at http://www.taxfoundation.org/publications/show/78.html.)
Keeping a state competitive in todays global market can be difficult, but there is one factor lawmakers have direct control over: the quality of state tax systems. The Index measures how well a states tax system encourages investment by maintaining a broad tax base and low rates.
Labor and capital are more mobile than ever, says Chris Atkins, staff attorney and co-author of the Index. In the global competition for jobs, no state can afford to be saddled with a tax system that unduly punishes new business investment.
Rankings The ten best states in the Tax Foundations 2007 State Business Tax Climate Index are as follows:
1. Wyoming 2. South Dakota 3. Alaska 4. Nevada 5. Florida 6. Texas 7. New Hampshire 8. Montana 9. Delaware 10. Oregon
The ten worst states in the Tax Foundations 2007 State Business Tax Climate Index are:
41. Minnesota 42. Maine 43. Iowa 44. Nebraska 45. California 46. Vermont 47. New York 48. New Jersey 49. Ohio 50. Rhode Island
(Excerpt) Read more at taxfoundation.org ...
TOPICS: Business/Economy; Extended News; US: Alaska; US: California; US: Delaware; US: Florida; US: Iowa; US: Maine; US: Minnesota; US: Montana; US: Nebraska; US: Nevada; US: New Hampshire; US: New Jersey; US: New York; US: Ohio; US: Oregon; US: Rhode Island; US: South Dakota; US: Texas; US: Vermont; US: Wyoming
KEYWORDS: business; taxes
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To: Sister_T
"Hopefully, Ohioans will make the right choice and elect Ken Blackwell as governor. Maybe then those numbers will turn around."
Not going to happen. Taft has royally SUCKED. Even though Blackwell fought against Taft basically every step of the way for the past term, all people are sawing is, "Oh, Gawd, the Republican sucked, let's not elect another one!"
Strickland is going to be an utter disaster, but at this point, I think an unavoidable one...
21
posted on
10/25/2006 1:50:58 PM PDT
by
piytar
To: kellynla
Florida at #5 is 90% the work of Jeb Bush. Too bad there is so much caterwauling about his brother, Jeb would be a damn good president.
22
posted on
10/25/2006 1:51:02 PM PDT
by
domenad
(In all things, in all ways, at all times, let honor guide me.)
To: kellynla
Florida is great. They leave us alone.
California? 12 years to build any manufacturing plant with all the environmental baggage, and by that time, plant is 6 years obsolete!
23
posted on
10/25/2006 1:52:59 PM PDT
by
MindBender26
(Having my own CAR-15 in RVN meant never having to say I was sorry....)
To: lormand
The red states on the list, like Ohio, are marginally red states with heavy union influence. Doesn't explain Nebraska though.
24
posted on
10/25/2006 1:53:45 PM PDT
by
RockinRight
(Maintaining a Republican majority is MORE IMPORTANT than your temper tantrum.)
To: Alice au Wonderland
25
posted on
10/25/2006 1:54:17 PM PDT
by
timpad
(The Wizard Tim - Keeper of the Holy Hand Grenade, Finder of Obscurata)
To: kellynla
State of Michigan ranks the worst on Taxes on Corporations, at #50!
Hurry up and vote for the Canadian Socialist liberal Granholm. "You just wait in five years!"
No one in Michigan has a job NOW! And, Corporations are leaving in droves Mrs. Granholm! We cannot afford to wait for another five years!
26
posted on
10/25/2006 1:54:46 PM PDT
by
paratrooper82
(82 Airborne 1/508th BN "fury from the sky")
To: MindBender26
"California? 12 years to build any manufacturing plant with all the environmental baggage, and by that time, plant is 6 years obsolete!"
Not to mention broke!
27
posted on
10/25/2006 1:56:12 PM PDT
by
paratrooper82
(82 Airborne 1/508th BN "fury from the sky")
To: 2banana; Alia; Constitution Day
nc ping: we're 40th, or just good enough to be not the very worst.
Not very promising, come to think of it.
28
posted on
10/25/2006 1:57:37 PM PDT
by
BelegStrongbow
(www.stjosephssanford.org: Ecce Pactum, id cape aut id relinque)
To: epluribus_2
All of that, and then you have to pass the environmental Nazi's and then the smoking Nazi's, and then you file for bankruptcy because more than 10 years have passed, and you still can't get your private business off the ground.
29
posted on
10/25/2006 2:00:48 PM PDT
by
paratrooper82
(82 Airborne 1/508th BN "fury from the sky")
To: Brilliant
Somebody is smoking some REALLY good stuff. OreGONE is a terrible place for any small business.In fact, Oregon has a law that says you must become a smaller business each year. (Nike is in violation)
30
posted on
10/25/2006 2:03:58 PM PDT
by
bybybill
(`IF TH E RATS WIN, WE LOSE)
To: lormand
Texas will re-elect Rick Perry, and Texas will continue to get better and better. The choices for governor on the ballot this year are all horrible, IMHO. I will not vote for Perry because he favors more toll roads that already hit me in the pocket every time I drive to work. His current ads touting him as tough on the border are a joke. He did nothing about the border until he saw it was going to be a political issue. And I am against his privatizing the corridor as well. However, he has been great for business here - a positive for him. I wish we had a real conservative to vote for, but Perry is probably the closest. This year, I'll abstain in the governor section of the ballot.
31
posted on
10/25/2006 2:05:33 PM PDT
by
Adiemus
To: paratrooper82
You mean to tell me that the radio ads telling me that Michigan is a great place for me to re-locate my business aren't true?
32
posted on
10/25/2006 2:08:58 PM PDT
by
wjcsux
(The Republicans are disappointing, the DemosRATs are dangerous- Dr. Sowell)
To: Adiemus
I apologize for this post, because I don't have a dog in this hunt, but, I have to ask, why would you abstain from voting for governor, possibly handing the democrat a win, someone you obviously really don't agree with either. Are you tryng to punish the Republican for being a RINO? I guess I don't understand giving the liberal socialist who have campaigned on the issue of open borders, amnesty for every illegal that is already in our Country, and they don't believe Americans should be able to own guns at all.
Again, I am sorry for sticking my nose where it does not belong, I am trying to understand this kind of thinking is all.
33
posted on
10/25/2006 2:14:20 PM PDT
by
paratrooper82
(82 Airborne 1/508th BN "fury from the sky")
To: lormand
Texas is # 6
We'll see where Texas stands after Perry's business tax goes into effect. In the Austin area, every new corporation that moves to town gets out of paying taxes for 10 or 15 yrs. and the property owners get to make up the difference. Perry's not fooling me.
34
posted on
10/25/2006 2:15:38 PM PDT
by
wolfcreek
(A personal attack is the reaction of an exhausted and/or disturbed mind.)
To: 2banana
7 on the first list went for Bush, only three on the second list.
35
posted on
10/25/2006 2:17:29 PM PDT
by
WinOne4TheGipper
(Sometimes those who scream loudest for "justice" are the ones that want real justice the least.)
To: Gay State Conservative
I would have thought that the new health care plan that was passed in Ma. would have already done that. It seems to be even worse than Maines Dirigo health plan.(which is a failure)
36
posted on
10/25/2006 2:19:29 PM PDT
by
brooklin
To: 2banana
I know this for a fact. Wyoming is very Republican. This is one reason I moved here.
37
posted on
10/25/2006 2:19:33 PM PDT
by
Big Horn
(The senate is loaded with scum-baggers)
To: kellynla
Oregon won't be that way for long with the way our current Governor is talking.
Heck I am even surprised it is that way now.
To: brooklin
would have thought that the new health care plan that was passed in Ma. would have already done that.Certainly a reasonable assumption on your part...but the law hasn't gone into effect yet.
39
posted on
10/25/2006 2:25:52 PM PDT
by
Gay State Conservative
("An empty limousine pulled up and Hillary Clinton got out")
To: kellynla
40
posted on
10/25/2006 2:26:35 PM PDT
by
VOA
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