Florida Again Ranked in Top 5 for Best on Taxes
Once again, Florida ranked in the Top 5 for best states for taxes on business according to the 2012 State Business Tax Climate Index report from The Tax Foundation. The index focuses on how a tax system enhances or harms a state's businesses by looking at dozens of state tax provisions to create the ranking – a single, easy-to-use score that measures each state's tax climate against every other state.
While some states moved up and others down, Florida has remained very steady for eight years in a row. A key factor in Florida's ranking is the lack of a state personal income tax. In addition, Florida also ranked 12th in corporate taxes, 19th in sales taxes, 5th in unemployment compensation taxes and 24th in real estate taxes.
The 10 Top Ranked States:
- South Dakota
- New Hampshire
The 10 Bottom Ranked States:
- North Carolina
- Rhode Island
- New York
- New Jersey
The Tax Foundation has monitored tax policy since 1937. A copy of the latest report is available at 2012 State Business Tax Climate Index.
About the Author
Benjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional real estate services by concentrating on information, education and the use of leading edge technologies. He also is a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.
Contact Benjamin Dona at 239-948-3955