Business Tax Burden Study Released by COST
May 13, 2008
The Council On State Taxation (COST) has recently released their annual Business Tax Burden Study for Fiscal Year 2007:
Results indicate that businesses paid $577 billion in state and local taxes in fiscal year 2007, representing 44.1% of total state and local taxes. The taxes include business property taxes, sales taxes on business inputs, gross receipts taxes, corporate income taxes, and other state and local taxes that are the statutory liability of business taxpayers.
See full study here.
More on business taxes here.