Best and Worst States for Entrepreneurs

Tuesday, May 08, 2012

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If you’re an entrepreneur looking to relocate you may want to consider South Dakota, which was ranked no. 1 in the Small Business and Entrepreneurship Council’s Business Tax Index 2012.

The annual tax index grades the states on 18 different tax measures and combines those results into one single tax score. The ranked taxes include: income, property, death/inheritance, capital gains, unemployment, and other consumption based taxes like state gas. According to the index, the top 5 state tax systems for entrepreneurs in the U.S. are South Dakota, Texas, Nevada, Wyoming and Washington. While the worst of the list are District of Columbia, Minnesota, New Jersey, New York and Iowa.

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Category: News Categories, Business/Finance/Economy