Some states are more ‘taxing’ than others

There’s more than one way of measuring how onerous a state’s tax policies are. 

Case in point: The Tax Foundation measures all 50 states’ tax burdens every year. It ranks each state on different types of taxes, namely:

• corporate tax rate
• individual income taxes
• sales tax rate
• unemployment insurance, and
• property taxes.

You can check how the state (or states) where your company’s located or does business in by clicking here.

How does your state rack up overall?

The Tax Foundation also ranks all 50 states for overall “business tax” climate.

Word of warning: Their rankings may surprise you compared with what we reported last month.

Without further ado, here’s how the states (plus Washington, DC) stack up – from  best business climate to worst:

1. Wyoming
2. South Dakota
3. Nevada
4. Alaska
5. Florida
6. Montana
7. New Hampshire
8. Indiana
9. Utah
10. Texas
11. Washington
12. Oregon
13. Michigan
14. Delaware
15. Tennessee
16. North Carolina
17. Missouri
18. Mississippi
19. Idaho
20. Colorado
21. West Virginia
22. Kansas
23. Arizona
24. Massachusetts
25. North Dakota
26. Kentucky
27. Virginia
28. Alabama
29. Nebraska
30. Hawaii
31. Illinois
32. Oklahoma
33. Maine
34. Pennsylvania
35. Louisiana
36. Georgia
37. South Carolina
38. New Mexico
39. Arkansas
40. Maryland
41. Iowa
42. Connecticut
43. Wisconsin
44. Ohio
45. Rhode Island
46. District of Columbia
47. Vermont
48. Minnesota
49. California
50. New York
51. New Jersey