We are happy to report that Florida ranks in the Top 5 best states for low tax burdens for businesses. This is another plus to our already excellent low tax burden for residents making Florida a great state for your residence and /or business.
WASHINGTON – Jan. 26, 2012 – The Tax Foundation says it looks at dozens of state tax provisions to create the ranking –a single easy-to-use score that measures each state’s tax climate against every other state. While some similar studies focus on residents’ tax burden they pay each year, the Index focuses on how a tax system enhances or harms a state’s businesses.
“Even in our global economy, a state’s stiffest and most direct competition often comes from other states,” says Tax Foundation economist Mark Robyn. “State lawmakers need to be aware of how their states’ business climates match up to their immediate neighbors and to other states in their region.”
The 5 best states in this year’s Index
1. Wyoming
2. South Dakota
3. Nevada
4. Alaska
5. Florida