Tuesday, November 27, 2007

LIKE OLIVER TWIST, WE’RE LAST ON THE LIST – AGAIN!

"Mark Minassian's US Business Law / Taxes Blog" at about.com recently reported that “each year, the Small Business & Entrepreneurship (SBE) Council releases its Small Business Survival Index. The index rates all 50 states on their suitability for fostering small business startup and growth based on a variety of factors, including personal and corporate tax rates, property tax rates, health care regulation, unemployment rates and workers compensation costs.”

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.

TTFN

No comments: