For those times business growth goes beyond your credit limit, American Express business funding is here to help. Learn more.

\n","ctaURL","https://www.americanexpress.com/us/business/business-funding","^1U","Did You Know We're More Than Just a Credit Card?","trackingId","?intlink=us-bti-inline-managingmoney-foodtruck-didyouknow","bannerID","did-you-know-we’re-more-than-just-a-credit-card","bannerCardImage","","bannerType","Inline Banner","modifiedDate","2019-08-07T15:54:05.682-07:00"],["^ ","^3Q","https://icm.aexp-static.com/content/dam/contenthub/us/en/ach-images/2019/4/AMEX_DisruptorAd_Image.png","^3R","Learn More","^3S","

Follow your passion and we'll follow your lead, with Cards and funding to help you grow your business and your rewards. Terms Apply.

\n","^3T","https://www.americanexpress.com/us/credit-cards/business/","^1U","Pursue Your Company's Best Ideas","^3U","","^3V","pursue-your-company's-best-ideas","^3W","https://icm.aexp-static.com/content/dam/contenthub/us/en/ach-images/2019/10/AMEX_MultiCardHomepage-resized.jpg","^3X","Disruptor Banner","^3Y","2019-10-07T12:54:15.649-07:00"]],"indexOption","index,follow","newscredGuid",null,"keywords",[["^ ","key","/en-us/business/trends-and-insights/keywords/article/","^3P","article"],["^ ","key","/en-us/business/trends-and-insights/keywords/financial-management-2/","^3P","financial management"],["^ ","key","/en-us/business/trends-and-insights/keywords/government/","^3P","government"],["^ ","key","/en-us/business/trends-and-insights/keywords/small-business-trends/","^3P","Small Business Trends"],["^ ","key","/en-us/business/trends-and-insights/keywords/taxes-2/","^3P","taxes"],["^ ","key","/en-us/business/trends-and-insights/keywords/economy/","^3P","economy"],["^ ","key","/en-us/business/trends-and-insights/keywords/anita-campbell/","^3P","Anita Campbell"]],"author",["^ ","authorId","anita_campbell","email","anita@anitacampbell.com","jobTitle","CEO","^1W","Anita Campbell","bio","Operate online communities and provide content reaching over 6,000,000 small business owners and entrepreneurs annually.\n\nBusinesses:\n\nFounder of Small Business Trends (http://smallbiztrends.com), the most popular, independent small-business blog and community on the Web. We help readers stay on top of trends in the small business market. \n\nSmall Business Trends has won numerous accolades, and has been featured on MSNBC's Your Business multiple times. The site won the Forbes Best of the Web award twice, in 2005 and 2008. \n\nAlso owner of BizSugar.com, the premier social media and bookmarking site specifically for small businesses. Also majority owner of Bloggertone.com, an international group blogging site for professionals and entrepreneurs.\n\nOur businesses also create syndicated content that appears all over the Web: the American Express OPENForum.com; the SBA Community site, BusinessInsider.com; and many others. I have spoken at numerous small-business events and webinars.\n\nAdvisory Boards:\n\nI serve or have served on the following Boards and Advisory Panels: \n\n- Northeast Ohio Software Association, the technology arm of COSE (Council of Smaller Enterprises). See www.NEOSA.org and www.COSE.org. \n\n- Center for Information Technology & eBusiness, University of Akron School of Business. See www.uakron.edu. Past Vice Chair of the Advisory Board.\n\n- Social Media Advisory Board for Network Solutions.\n\n- Advisory Panel for British Airways Face-to-Face Competition\n\n- Judge, Intuit's Love a Local Business competition.\n\n\nPublications:\n\nI am a contributor or expert source to 6 American Express OPEN Insight Guides; Deluxe Corporation's small-business banking guide; the American Express OPEN Social Media Guide; and the Intuit Future of Small Business Report.\n\nI am the co-author of \"Visual Marketing\" (Wiley, 2011).","company","Small Business Trends LLC","avatar","http://m.c.lnkd.licdn.com/mpr/mprx/0_izp7YY8jztrvlkP3_tsKYjtyB1cnACP3T-HrYjtTe9iQa6kT712_rg67MgBWt5tDG9OllshRZr9-","authorUrl","/en-us/business/trends-and-insights/authors/anita_campbell"],"tileImage",null,"breadcrumbs",[["^ ","key","/en-us/business/trends-and-insights/","^3P","Trends and Insights"],["^ ","key","/en-us/business/trends-and-insights/topics/managing-money/","^3P","Managing Money"],["^ ","key","/en-us/business/trends-and-insights/topics/cash-flow/","^3P","Cash Flow"]],"teaser","While taxation continues to be a hot-button issue in our nation’s capital as the year ends, federal taxes aren’t the only ones small busines","metaTitle","The Best and Worst State Tax Climates for Small Business","contentId","the-best-and-worst-state-tax-climates-for-small-business-1","metaDescription","","pullquote","","title","The Best and Worst State Tax Climates for Small Business","content","

While taxation continues to be a hot-button issue in our nation’s capital as the year ends, federal taxes aren’t the only ones small business owners have to worry about. The Tax Foundation recently released its 2011 State Business Tax Climate Index, which ranks the tax systems of the 50 states.

The Tax Foundation’s report aims to focus lawmakers' attention on the importance of tax fundamentals: enacting low tax rates and granting as few deductions, exemptions, and credits as possible. “The ideal tax system… is simple, transparent, stable, neutral to business activity, and pro-growth,” writes study author Kail Padgitt, Ph.D. “In such an ideal system, individuals and businesses would spend a minimum amount of resources to comply with the tax system, understand the true cost of the tax system, base their economic decisions solely on the merits of the transactions, without regard to tax implications, and not have the tax system impede their growth and prosperity.”

The study compared the states on five aspects of their tax systems: the state's major business tax, whether a corporate income tax or a gross receipts tax; the individual income tax; the general and selective sales taxes; the unemployment insurance tax; and asset-based taxes including property taxes. The total results created an overall ranking.

The 10 states with the best tax climates (as of July 1, 2010) were South Dakota, Alaska, Wyoming, Nevada, Florida, Montana, New Hampshire, Delaware, Utah and Indiana.

Want more tax advice? Check these stories out:

The 10 states with the worst business tax climates (as of July 1, 2010) are, from 50th to 41st best: New York, California, New Jersey, Connecticut, Ohio, Iowa, Maryland, Minnesota, Rhode Island, and North Carolina.

What did the worst states have in common?

Complex, multi-rate corporate and individual income taxes with above-average tax rates.

Above-average sales tax rates that don't exempt business-to-business purchases.

Complex, high-rate unemployment tax systems.

High property tax collections as a percentage of personal income.

Despite the attention given to federal taxes in the media, the Tax Foundation reminds us that state taxes often have more of an effect on business in the long run. Why? Because while jobs are rapidly being created overseas, businesses are more likely to move from one state to another than from one state to another country. Differences in state taxes can be a huge influence.

But while state and local economic development departments often seek to offer tax credits, exemptions and incentives for certain types of activity or certain kinds of businesses, the Tax Foundation contends that in the long run, these offerings cause more problems than they solve. “Lawmakers create these deals under the banner of job creation and economic development, but the truth is that if a state needs to offer such packages, it is most likely covering for a woeful business tax climate,” writes Padgitt. “A far more effective approach is to systematically improve the business tax climate for the long term so as to improve the state's competitiveness.”

What do you think? Has your company benefited from incentives or exemptions—or would you benefit more from a simplified tax system?

Read the full report and find out where your state falls at the Tax Foundation website.

For those times business growth goes beyond your credit limit, American Express business funding is here to help. Learn more.

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Follow your passion and we'll follow your lead, with Cards and funding to help you grow your business and your rewards. Terms Apply.

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The 10 states with the best tax climates (as of July 1, 2010) were South Dakota, Alaska, Wyoming, Nevada, Florida, Montana, New Hampshire, Delaware, Utah and Indiana.

Want more tax advice? Check these stories out:

What did the worst states have in common?

Complex, multi-rate corporate and individual income taxes with above-average tax rates.

Above-average sales tax rates that don't exempt business-to-business purchases.

Complex, high-rate unemployment tax systems.

High property tax collections as a percentage of personal income.

What do you think? Has your company benefited from incentives or exemptions—or would you benefit more from a simplified tax system?

Read the full report and find out where your state falls at the Tax Foundation website.

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For those times business growth goes beyond your credit limit, American Express business funding is here to help. Learn more.

Follow your passion and we'll follow your lead, with Cards and funding to help you grow your business and your rewards. Terms Apply.

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The 10 states with the best tax climates (as of July 1, 2010) were South Dakota, Alaska, Wyoming, Nevada, Florida, Montana, New Hampshire, Delaware, Utah and Indiana.

Want more tax advice? Check these stories out:

What did the worst states have in common?

Complex, multi-rate corporate and individual income taxes with above-average tax rates.

Above-average sales tax rates that don't exempt business-to-business purchases.

Complex, high-rate unemployment tax systems.

High property tax collections as a percentage of personal income.

What do you think? Has your company benefited from incentives or exemptions—or would you benefit more from a simplified tax system?

Read the full report and find out where your state falls at the Tax Foundation website.

For those times business growth goes beyond your credit limit, American Express business funding is here to help. Learn more.

Follow your passion and we'll follow your lead, with Cards and funding to help you grow your business and your rewards. Terms Apply.

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The 10 states with the best tax climates (as of July 1, 2010) were South Dakota, Alaska, Wyoming, Nevada, Florida, Montana, New Hampshire, Delaware, Utah and Indiana.

Want more tax advice? Check these stories out:

What did the worst states have in common?

Complex, multi-rate corporate and individual income taxes with above-average tax rates.

Above-average sales tax rates that don't exempt business-to-business purchases.

Complex, high-rate unemployment tax systems.

High property tax collections as a percentage of personal income.

What do you think? Has your company benefited from incentives or exemptions—or would you benefit more from a simplified tax system?

Read the full report and find out where your state falls at the Tax Foundation website.