Are we doing what we need to stimulate growth and create jobs?

Posted By on February 4, 2014

If business growth is the medicine for job creation and a healthy economy … jobsmagnifierhow does the U.S., or more specifically, each state, encourage business growth and incentivize expansion?

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.

ETR1

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 .

2014statetaxclimate

2014statebusinesstaxclimate

See full report in the Tax Foundation’s 2014 State Business Tax Climate Index PDF

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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