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 ...
From Pacific Research:
http://www.pacificresearch.org/press/clip/2004/04-11-24lm.html
Bump for later research.
I'm surprised Maine isn't #50 as the governor's idea of economic development was to visit Cuba and make a $10 million deal for dairy cows and to suck up to Hugo Chavez for a few gallons of "low cost" heating oil.
To hear the locals grumble about "big money from away" is to realize you're dealing with economic retards.
Maine's governor Baldacci uses the same playbook.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
I've been considering a move to the Lakes Region lately, so your lips to God's ear. Do NH'ers and Vermont-ites don't get along okay? Two different fiscal policy universes there...
The one tax they DO have is the property tax. Check it beforehand.
I'm surprised Maine isn't #50 as the governor's idea of economic development was to visit Cuba and make a $10 million deal for dairy cows and to suck up to Hugo Chavez for a few gallons of "low cost" heating oil.
To hear the locals grumble about "big money from away" is to realize you're dealing with economic retards.
Not to mention Baldy bringing in all those Somali's that are sucking on our welfare! heh!
I think Vermont has fewer than 700k people. Their biggest city, Burlington, probably has around 100k people. Not too much business there to begin with.
Right to Work bump! Go Florida!
The big NC Ping is that my Tar Heel state has been run by DEMs for close to a couple of DECADES now... and we're ranked the worst in the entire south BY FAR -- 40th overall. The closest Deep South state ranking is Arkansas (is that a surprise?) at 35th.
Bookmark for Alaska. ;)
And then I watched liberal after liberal authoring stories about "obesity" in the red states, about the dumbness of the South.
I see how hard the people here work. But some do not seem to understand WHY their taxes are so high, why buying highcarb foods is a necessity, why there is so much incompetence rifling through state and local bureacracies.
Iowa should be number 50. This state chases out businesses at any chance it can get. We have no Fortune 500 companies based here, and zero venture capital. Iowa is the only state not to double in population in the last century. We have a backward state legislature that bows down to the 19th century hog and tractor lobby, and works very hard to keep this state in the dark ages. This state has had an incredible education system over the last few decades, only to serve the rest of the country, as Iowa's best and brightest vacate this state by the thousands every year. It's amazing how a state with such an educated population can be so mind-numbingly stupid about business and economics.
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