Wyoming has the best tax system, and New Jersey the worst, for “business friendliness,” reports the Tax Foundation’s 2009 State Business Tax Climate Index, a ranking of the 50 state tax systems that provides a roadmap for state lawmakers concerned with keeping their states tax-competitive.
The index ranks states based on corporate tax, individual income tax, sales tax, unemployment tax and property tax. The states are scored on these taxes and weighted based on the relative importance or impact of the tax to a business.
Tip: Read the complete 2009 State Business Tax Climate Index at www.taxfoundation.org/files/bp58.pdf.
Best States for Business Worst States for Business
1 Wyoming 41 Minnesota
2 South Dakota 42 Nebraska
3 Nevada 43 Vermont
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