Small Business Taxes: A State By State Comparison

The Small Business and Entrepreneurship Council has released a new 15-page study outlining the “Best to Worst State Tax Systems for Entrepreneurship and Small Business” in the Business Tax Index 2009. The index uses 16 different tax measures consolidated into a single score, which is then used to rank the 50 states and the District of Columbia.

Kansas ranks neither among the best nor among the worst according to the index, appearing just a bit below the midpoint at 33rd. You can compare Kansas to other states of interest using an interactive map linked to the report.

As noted in the report, the 16 measures comprised by the index are: “1) state’s top personal income tax rate, 2) state’s top individual capital gains tax rate, 3) state’s top corporate income tax rate, 4) state’s top corporate capital gains tax rate, 5) any added income tax on S-Corporations, 6) whether or not the state imposes an alternative minimum tax on individuals, 7) whether or not the state imposes an alternative minimum tax on corporations, 8 ) whether or not the state’s personal income tax brackets are indexed for inflation, 9) property taxes, 10) consumption-based taxes (i.e., sales, gross receipts and excise taxes), 11) whether or not the state imposes a death tax, 12) unemployment tax, 13) whether or not the state has a tax limitation mechanism, 14) whether or not the state imposes an Internet access tax, 15) gas tax, and 16) diesel tax.”

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Published in: on April 15, 2009 at 12:34 pm  Leave a Comment  

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