file photo by Boyd Loving
By Vince Calio, June 27, 2017 at 1:19 PM
Yet another business survey has found that New Jersey has one of the worst tax climates for small businesses, but those numbers may not be telling the whole story.
The Small Business & Entrepreneurship Council’s Small Business Tax Index 2017 ranked all 50 states on how friendly their tax climates are to small businesses. New Jersey finished second to last overall, beating out only California. The result has not changed since the SBE’s survey was done in 2014.
The five states with the friendliest tax climates for small businesses:
1. Nevada;
2. Texas;
3. South Dakota;
4. Wyoming;
5. Washington state.
Conversely, the five states with the worst tax climates:
46. Iowa;
47. Minnesota;
48. Maine;
49. New Jersey;
50. California.
Almost in last place. Democrats have some work to do.