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Most Tax-Friendly States for Business
The states that top the Tax Foundation list as the most tax-friendly are:
1. South Dakota: No corporate or individual income tax
2. Wyoming: No corporate or individual income tax
3. Alaska: No individual income tax or state-level sales tax; however, there are local jurisdictions that impose sales taxes
4. Nevada: No corporate or individual income tax
5. Florida: No individual income tax
6. Montana: No sales tax
7. New Hampshire: No sales tax
8. Delaware: No sales tax, but second worse corporate income tax in the nation; however, does have a favorable business law environment
9. Washington: No individual or corporate income tax
10. Utah: Assesses all major tax types, but has low property tax rates and a favorable unemployment insurance tax system