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States With Low Business Taxes

Written by Gary North on October 28, 2014

Each year, the Tax Foundation rates states in terms of business taxes and personal taxes. If you want to start a business, where should you live?

If you want to buy real estate as an investment, where should you live?

If you want to live where your kids have a better shot at getting a decent job, where should you live?

States marked with an asterisk have no state income tax.

The winners are:

  1. Wyoming*
  2. South Dakota*
  3. Nevada*
  4. Alaska*
  5. Florida*
  6. Washington*
  7. New Hampshire*
  8. Montana
  9. Texas*
  10. Utah

The losers are:

  1. Maryland
  2. Iowa
  3. Wisconsin
  4. North Carolina
  5. Minnesota
  6. Rhode Island
  7. Vermont
  8. California
  9. New Jersey
  10. New York

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2 thoughts on “States With Low Business Taxes

  1. I can't agree that Texas belongs on this list as it's one of 15 states still imposing an annual 2% tax on business inventories. It should be enough that business collects state sales tax. For this reason, I suspended my plans to go into business in Texas, starting with a minimum $5 million in inventory.

  2. seems the highest taxed states are the demonratic welfare states