Free Republic

California’s business tax climate is second worst in the nation, better only than New York’s, according to a new report from the Tax Foundation. New Jersey managed to move up two spots on the list after four straight years as the nation’s worst business tax climate... The index is based on the premise that taxes matter to business and states don’t raise or lower taxes in a vacuum. “The modern market is characterized by mobile capital and labor. Therefore, companies will locate where they have the greatest competitive advantage...

Despite talk about easing burdens on businesses to encourage them to create jobs, companies in Virginia will be paying more in taxes come Jan. 1. The state unemployment tax that businesses pay on each employee will be going up, from an average of $95 per employee per year to an average of $171 a year in 2010, $234 in 2011 and $263 in 2012. The tax goes into the fund the state uses to pay unemployment benefits... When the unemployment fund gets low, it triggers an automatic increase in the tax. The increase is determined by a formula. Virginia Employment...