The 10 best states for small business taxes in 2020

1. Wyoming

  • Corporate tax rank: 1 (no income tax levied)
  • Individual income tax rank: 1 (no income tax levied)
  • Sales tax rank: 6
  • Property tax rank: 39
  • Unemployment tax rank: 27

2. South Dakota

  • Corporate tax rank: 1 (no income tax levied)
  • Individual income tax rank: 1 (no income tax levied)
  • Sales tax rank: 35
  • Property tax rank: 22
  • Unemployment tax rank: 44

3. Alaska

  • Corporate tax rank: 26
  • Individual income tax rank: 1 (no income tax levied)
  • Sales tax rank: 5
  • Property tax rank: 25
  • Unemployment insurance tax rank: 46

4. Florida

  • Corporate tax rank: 9
  • Individual income tax rank: 1 (no income tax levied)
  • Sales tax rank: 23
  • Property tax rank: 13
  • Unemployment tax rank: 2

5. Montana

  • Corporate tax rank: 21
  • Individual income tax rank: 25
  • Sales tax rank: 3
  • Property tax rank: 12
  • Unemployment tax rank: 20

6. New Hampshire

  • Corporate tax rank: 43
  • Individual income tax rank: 9
  • Sales tax rank: 1
  • Property tax rank: 44
  • Unemployment tax rank: 45

7. Nevada

  • Corporate tax rank: 25
  • Individual income tax rank: 5
  • Sales tax rank: 44
  • Property tax rank: 10
  • Unemployment tax rank: 47

8. Oregon

  • Corporate tax rank: 33
  • Individual income tax rank: 38
  • Sales tax rank: 4
  • Property tax rank: 18
  • Unemployment tax rank: 36

9. Utah

  • Corporate tax rank: 12
  • Individual income tax rank: 10
  • Sales tax rank: 22
  • Property tax rank: 5
  • Unemployment tax rank: 15

10. Indiana

  • Corporate tax rank: 11
  • Individual income tax rank: 15
  • Sales tax rank: 20
  • Property tax rank: 2
  • Unemployment tax rank: 25

Related Articles

Responses