Posted By RichC on February 4, 2014
Companies need to have an attractive tax climate in order to put capital at risk (or at less competitive), although it is not the only criteria for investment. With worldwide competition being what it is in today’s global environment, having fewer dollars to invest because taxes are too punitive can make the difference between growing or shrinking (job creation and hiring employees). If you are an individual investor, an entrepreneur, a manager or on a corporate board, you need to at least consider the tax consequences on a business.
U.S. corporation are already heavily taxed federally before state and local taxes take their chunk … leaving fewer for reinvestment. Below is the Tax Foundation’s state by state comparison, see chart or PDF .
See full report in the Tax Foundation’s 2014 State Business Tax Climate Index PDF