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Monday, July 13, 2015

State Business Tax Climate Index 2015

How does your state rank?
While taxes are a fact of life, not all tax systems are created equal. One measure, total taxes paid, is relevant, but other elements of a state tax system can also enhance or harm the competitiveness of a state’s business environment. This Index boils down fifty complicated state business tax systems into one easy-to-use ranking.

While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a road-map to improving these structures.

The index enables people to gauge how their states' tax systems compare.

Here is a highlight, which shows the five best and worst states in the index this year:

Best:

  1. Wyoming
  2. South Dakota
  3. Nevada
  4. Alaska
  5. Florida
Worst:
  1. New Jersey
  2. New York
  3. California
  4. Minnesota
  5. Vermont
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SEE WHOLE INDEX HERE>> TaxFoundation.org: 2015 State Business Tax Climate Index


Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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