In news that won’t shock anyone who does business in California, the Bronze Golden State now ranks 47th out of 50 states in a business tax climate survey done by the Tax Foundation. Meanwhile, Nevada ranks 3rd in the Nation. I have a feeling this news will soon be on the website of the Nevada Development Corporation.
So what ten states have the worst tax climate?
41. Maine
42. Minnesota
43. Nebraska
44. Vermont
45. Iowa
46. Ohio
47. California
48. New York
49. New Jersey
50. Rhode Island
Meanwhile, the ten best states are:
1. Wyoming
2. South Dakota
3. Nevada
4. Alaska
5. Florida
6. Montana
7. New Hampshire
8. Texas
9. Delaware
10. Oregon
What do you think the California Legislature’s reaction to this will be? My guess is more proposals for tax increases.
You can read the Executive Summary of the Tax Foundation’s study here. The full study is here.