Wyoming has business friendly tax system - Montana rated 6th best.
| October 6, 2008 |  View for printing |
Wyoming has the nation's best business-friendly tax system, according to rankings released by a foundation that tracks fiscal policy.
The Tax Foundation recently completed its 2009 State Business Tax Climate Index http://www.taxfoundation.org/research/show/22658.html , which measures how well each state's tax system encourages investment by maintaining a broad tax base and low rates.
"The modern market is characterized by mobile capital and labor. Therefore, companies will locate where they have the greatest competitive advantage," said Tax Foundation Staff Economist Joshua Barro, the study's author. "States with the best tax systems will be the most competitive in attracting new businesses and most effective at generating economic and employment growth."
The top 10 states in the index, from first to 10th, are Wyoming, South Dakota, Nevada, Alaska, Florida, Montana, Texas, New Hampshire, Oregon, and Delaware. The bottom 10 states, from 41st to 50th, are Minnesota, Nebraska, Vermont, Iowa, Maryland, Rhode Island, Ohio, California, New York and New Jersey.
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