
The new state “business tax climate” rankings are out. Uh oh.
In the states’ race to the bottom, California is always one of the front-runners. Such is the case once again in the latest Tax Foundation survey, ranking the states’ “business tax climate.” https://statetaxindex.org/
Sadly, this past year we’ve moved from our dismal 48th rank down to 49th. Or up to 2nd, if you think of it as a race. CA is now worse than corrupt New York. We are closing in on the “champ” — Tony Soprano’s New Jersey.
This Tax Foundation survey of the business TAX climate is based exclusively on the five big state taxes:
Corporate income tax Individual income tax Sales tax Property Tax Unemployment Insurance TaxSo to be fair, let’s stipulate that the survey does NOT include other important factors affecting the overall business climate of a state. So CA may not be 49th. It may be — uh . . . er . . . .
For instance, California in 2017 was rated the “2nd worst state judicial hellhole” in U.S. – better than only Florida.… Read More