Once again the state with the worst business climate was New Jersey. Mark points out that “high tax rates are the common denominator of the states at the bottom”. My reply to this ranking, as one who lives in and is all too familiar with the taxes of New Jersey, is “Constipation, Mr. Holmes!”
FYI, New York is #46 and California is #49. The top 5 are South Dakota, Nevada, Wyoming, Washington, and Florida.