Where Does Your State Rank In Regards To Taxes?

The Tax Foundation, a non-patisan D.C. think tank has come out with its 2016 State Climate Tax Income rankings.

Here's an excerpt from the article written by The Daily Signal that explains the criteria used to access the rankings:

"The Tax Foundation index uses five different taxes as criteria in producing the rankings: individual income taxes, sales taxes, corporate income taxes, property taxes, and unemployment insurance taxes. Each state’s composite score reflects how well each system conforms to the key components of proper tax policy: broad bases and low rates."

The 10 best states to live in with the lowest taxes and most favorable to business?

Wyoming, South Dakota, Alaska, Florida, Nevada, Montana, New Hampshire, Indiana, Utah & Texas.

The 10 worst?

Maryland, Ohio,  Wisconsin,  Connecticut,  Rhode Island,  Vermont,  Minnesota, California, New York and New Jersey.

Interesting that a few of the governors who were or are still running for president have pretty bad rankings. Which candidates? Kasich from Ohio,  O'Malley from Maryland, Christie of New Jersey and George Pataki of New York.

Former candidates Rick Perry of Texas has done well keeping taxes low, while Bobbie Jindal, Governor of Louisana ranks closer to the bottom at 37.

Maine, btw ranks 34th.

To read the entire article and get the complete Index list, click on the link below:

http://taxfoundation.org/article/2016-state-business-tax-climate-index