Below are a couple of handy charts. First, a graphic that shows the top 10 and bottom 10 states for taxes. I have also pulled a chart that shows state-by-state comparisons well. Not too many surprises, but here are a few highlights:
–California and New York have the highest taxes.
–Arizona is in the middle, ranked 24th.
–Texas has been at the center of job growth this cycle. Certainly, having one of the lowest tax burdens is one of the reasons why.
Take a minute to glance at the graphic and chart. If you have any questions or comments on them feel free to reach out.
State Business Tax Climate Index
By: Jared Walczak, Scott Drenkard & Joseph Henchman