Tax revenue as a percent of GDP is one metric many use to gauge how much corporate income tax revenue the United States is raising. The advantage of this metric is that it controls for the size of the economy and gives...
- Sacramento Business Journal quotes Scott Drenkard on California...
Sacramento Business Journal quotes Scott Drenkard on California's tax climate
- Melissa Wiese
- Web Editor- Sacramento Business Journal
It’s no surprise that California ranks near the bottom of an index that rates states for business tax climates.
The Tax Foundation, a nonpartisan organization that monitors tax policy, released its 2013 State Business Tax Climate Index, rating California at No. 48.
The Golden State’s rank remains unchanged from the 2012 rating.
The index considers corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, property taxes and policies, among other things, and then looks at other states.
Wyoming ranked No. 1 on the list, followed by South Dakota and Nevada. Rounding out the lower ranks were New York and New Jersey.
“Even in our global economy, a state’s strongest and most immediate competition often comes from other states,” Tax Foundation economist Scott Drenkard said in a news release. “State lawmakers need to be aware of how their states’ business climates match up to their immediate neighbors and to other states in their region.”
- The four different tax bases for calculating corporate tax are reduced to three as of FY 2015 (eliminating the corporate AMT base) and further reduced to two over time (eliminating...
Indiana tax reforms in the past few years have been impressive. In 2011, state senator Brandt Hershman addressed a weak link in the state’s tax code by leading a bill that set the corporate income tax rate on a four-year...
Join the Tax Foundation's fight for sound tax policy Go
Tax Policy Blog
The official weblog of the Tax Foundation.
Tax By State
For information on your state, select it from the drop-down menu.
Ask a Tax Expert
Contact information for Tax Foundation policy staff Ask