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The best tax systems for entrepreneurship, with the top states listed in green and bottom listed in red.


Washington state has one of the best tax systems in the country when it comes to supporting entrepreneurship and small business, according to a report out this week from the Small Business & Entrepreneurship Council. Washington state, which has no income tax system, ranked fifth behind South Dakota, Texas, Nevada, and Wyoming.

Flickr photo via DonkeyHotey

The bottom states included California, Maine, Iowa, New York, New Jersey, Minnesota, and  District of Columbia.

“All taxes matter, whether imposed at the federal, state or local level of government. They matter to consumers, entrepreneurs, investors and businesses. State and local levies matter in terms of a state’s competitiveness. And they matter when it comes to economic growth and job creation,” said Raymond Keating, chief economist of the SBE Council.

Full report here.

 

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