If you really hate paying taxes, you might consider a move to Wyoming. That’s because Wyoming ranks No. 1 in the latest State Business Tax Climate rankings produced by the Tax Foundation. Each year, the Tax Foundation assesses how states perform on a host of measures. The reports assess 113 different variables that examine corporate taxes, individual taxes, sales, unemployment, and property taxes. The Index doesn’t simply honor states for keeping taxes low.
The Tax Foundation’s top performers have low, flat taxes that treat all taxpayers in a similar manner. In addition to Wyoming, other top performers (in rank order) are: South Dakota, Alaska, Nevada and Florida. States that are having Rhode Island (#50), Ohio (#49), and New Jersey (#48).
The ten best states in the Tax Foundation’s 2007 State Business Tax Climate Index are as follows:
1. Wyoming
2. South Dakota
3. Alaska
4. Nevada
5. Florida
6. Texas
7. New Hampshire
8. Montana
9. Delaware
10. Oregon
The ten worst states in the Tax Foundation’s 2007 State Business Tax Climate Index are:
41. Minnesota
42. Maine
43. Iowa
44. Nebraska
45. California
46. Vermont
47. New York
48. New Jersey
49. Ohio
50. Rhode Island
you can find the background paper at: http://www.taxfoundation.org/publications/show/78.html