CALIFORNIA BUSINESS MINUTE
Ranking State Taxes
04-21-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
The nonprofit nonpartisan Washington DC-based Small Business & Entrepreneurship Council
(SBE Council) published the "Business Tax Index 2011: Best to Worst State Tax Systems
for Entrepreneurship and Small Business." The index ranks the 50 states and District of
Columbia according to the costs of their tax systems for entrepreneurship and small
business.
The Index pulls together 18 different tax measures, and combines those into one tax
score that allows the 50 states and District of Columbia to be compared. Among the
taxes included are income, capital gains, property, death/inheritance, unemployment,
and various consumption-based taxes, including state gas and diesel levies.
The Ten Best Tax Systems are: 1) South Dakota, 2) Texas, 3) Nevada, 4) Wyoming,
5) Washington, 6) Florida, 7) Alabama, 8) Alaska, 9) Ohio, 10) Colorado.
This ranking did not change from 2010.
The Ten Worst Tax Systems are: 40) Connecticut, 41) Oregon, 42) Rhode Island,
43) Hawaii, 44) Vermont, 45) California, 46) Maine, 47) Iowa, 48) New York,
49) New Jersey, 50) Minnesota.
California improved by 3 positions from 2010 when it was 48th worst. The worst
however was identified as Washington DC.
For further information go to: www.sbcouncil.org
I am Tim Johnson and this has been the California Business Minute.
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