The Tax Foundation, a nonprofit research organization, each year creates the State Business Tax Climate Index. It’s a great way for policymakers and taxpayers to see how their state’s tax systems compare to others. “ …apart from whether a state’s total tax burden is higher than in other states, it can enact – and many states do – a set of tax laws that cause great damage to the economy,” said Kail M. Padgitt, an economist at the Tax Foundation.
The 5 best business tax climates are: South Dakota, Wyoming, Alaska, Nevada and Florida. The 5 worst: New Jersey, New York, California, Ohio and Iowa.
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