N.J. Tax System Ranked Least Friendly to Business
Washington, D.C. (Oct. 6, 2008)
By
WebCPA staff
New Jersey made the
bottom of the list in a ranking of business-friendly state tax systems,
while Wyoming ranked as
the most friendly.
The Tax Foundation's 2009 State Business Tax Climate Index measures how well
a state's tax system encourages investment by maintaining a broad tax base
and low rates. The annual ranking takes into account corporate, individual
income, sales, unemployment and
property taxes. The states are scored on these taxes, and the scores
are weighted based on the relative importance or impact of the tax to a
business.
"States with the best tax systems will be the most competitive in attracting
new businesses and most effective at generating economic and employment
growth," said Tax Foundation
staff economist Joshua Barro, who wrote the study.
The top 10 states, from 1st to 10th, are Wyoming,
South Dakota,
Nevada, Alaska,
Florida,
Montana, Texas, New
Hampshire, Oregon and Delaware. The bottom 10 states, from 41st to 50th, are
Minnesota,
Nebraska, Vermont,
Iowa, Maryland, Rhode
Island, Ohio, California,
New York and New
Jersey.
The complete list of rankings is available at
www.taxfoundation.org.
Obama-Victory-Problem-Offshore-Financial-Centers
Obama-Tax-Proposals
2009-IRS-Inflation-Adjustments
IRS-Computer-Defects
Identity-Theft-IRS-Records
IRS-Guidance-Advice
2009-Income-Tax-Deductions-Exemptions
Breaking-Tax-News
First-Time-Homebuyer-Credit
Internal-Revenue-Manual-Update
Separate-Unequal-Tax-Systems
States-Increase-Tax-Collection
State-Tax-Burden-Businesses
Taxpayer-Victory-Mutual-Life-Insurance
Tax-Return-Preparer-Errors
US-Companies-Shifting-Income-Offshore
How-Rich-Cheat-Taxes
Home-Foreclosure-Tax
Energy-Tax-Credits-2009
Charitable-Tax-Tips
Fraudulent-Tax-Refunds
Self-Employed-Pension-Deductions
Auto-Mileage-Deduction-2009
IRS-Loses-in-Court
Saver's-Tax-Credit
Charitable-Donations
IRS-Speeds-Tax-Lien-Relief
[
Tax News ] [
Income Tax Return 2008 ] [
Creative Year End Tax Planning ] [
International Tax Planning Overview ]
[
International Tax News ] [
IRS Tax Audit Chances Likelihood ] [
Ground Lease Tax Deduction ] [
Tax Terms Dictionary ]
[
Tax Free Exchange ] [
Domestic Business Trust ] [
International Business Trust ] [
Private Annuity Agreement ] [
African Tax Planning ] [
North American Tax Planning ] [
South American Tax Planning ] [
Tax Planning Websites ] [
Tax Humor ] [
Tax Client Confidentiality ] [
Professional Fee Payment ] [
Philippines Real Estate for Sale ]
|