Ohio ranked among the nation’s most business-friendly states 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.
Ohio placed 10th overall.
The index includes rankings of the top personal in each state (Ohio is 27th at 5.925%) and the top individual capital gains tax rates (30th at 5.925%).
Also rated are the top corporate income tax rates (Ohio ranked sixth at 1.9%), top corporate capital gains tax rates (sixth at 1.9%) and sales, gross receipts and excise taxes as a share of personal income (14th at 2.96%).
Other factors include unemployment tax rates as a share of state average pay (Ohio is 29th at 2%), state gas taxes (35th at 28 cents per gallon) and diesel taxes (34th at 28 cents per gallon).
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