Minnesota ranks 49th on business tax index — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Minnesota finished near the bottom in the Small Business and Entrepreneurship Council’s (SBEC) Business Tax Index for 2009. The SBEC annually assesses the tax climates for business and entrepreneurs in the 50 states and the District of Columbia.

The only ones ranking lower than Minnesota: New Jersey and the District of Columbia.

The index includes rankings of the top personal income tax rates in each state (Minnesota is 43rd at 7.85%) and the top individual capital gains tax rates (45th at 7.85%).

Also rated are top corporate income tax rates (Minnesota is 48th at 9.8%), top corporate capital gains tax rates (48th at 9.8%), and sales, gross receipts and excise taxes as a share of personal income (28th at 3.39%).

Other factors include unemployment tax rates as a share of state average pay (Minnesota ranks 47th at 4.92%), state gas taxes (32nd at 25.6 cents per gallon) and diesel taxes (30th at 25.6 cents per gallon).

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