Florida at top of a list for business tax systems
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By Jim Turner
Posted at 10:13 AM on April 11, 2008
Saying Florida has one of the "best" tax systems for businesses in the nation may be hard to fathom because of the way Save Our Homes has been skewed heavily against businesses and non-homesteaded property owners.
However, that's the view of the Small Business & Entrepreneurship Council, which on Thursday published the "Business Tax Index 2008: Best to Worst State Tax Systems for Entrepreneurship and Small Business."
Florida came in fifth, behind South Dakota, Nevada, Wyoming and Washington.
The council used 16 different tax measures - including income, property, death/inheritance, unemployment, and various consumption-based taxes, state gas and diesel levies - into a single score to rank the 50 states and the District of Columbia.
The 15 worst state tax systems are: 37) North Carolina, 38) Nebraska, 39) West Virginia, 40) Hawaii, 41) Idaho, 42) Vermont, 43) Massachusetts, 44) New York, 45) Rhode Island, 46) Maine, 47) Iowa, 48) California, 49) Minnesota, 50) New Jersey, and 51) District of Columbia.
Posted at 10:13 AM on April 11, 2008
Saying Florida has one of the "best" tax systems for businesses in the nation may be hard to fathom because of the way Save Our Homes has been skewed heavily against businesses and non-homesteaded property owners.
However, that's the view of the Small Business & Entrepreneurship Council, which on Thursday published the "Business Tax Index 2008: Best to Worst State Tax Systems for Entrepreneurship and Small Business."
Florida came in fifth, behind South Dakota, Nevada, Wyoming and Washington.
The council used 16 different tax measures - including income, property, death/inheritance, unemployment, and various consumption-based taxes, state gas and diesel levies - into a single score to rank the 50 states and the District of Columbia.
The 15 worst state tax systems are: 37) North Carolina, 38) Nebraska, 39) West Virginia, 40) Hawaii, 41) Idaho, 42) Vermont, 43) Massachusetts, 44) New York, 45) Rhode Island, 46) Maine, 47) Iowa, 48) California, 49) Minnesota, 50) New Jersey, and 51) District of Columbia.
