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Best, worst state tax climates for business

Most folks are obsessing over how the expiring Bush tax cuts might affect individual taxpayers, but when it comes to businesses, a lot of other factors come into play.

So the Tax Foundation analyzes each year the tax climates of the 50 states to determine which states, from a tax standpoint, are the most business-friendly and which tend to cause companies to flee their borders.

This year, South Dakota is the winner. At the other end of the scale is New York.

Click on the image, or here, for a larger view.

You can find out more about the study and where your state falls by checking out my Bankrate Taxes Blog item, Best, worst state for business?

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