The 10 worst states for small business taxes in 2020

1. New Jersey

  • Corporate tax rank: 49
  • Individual income tax rank: 50
  • Sales tax rank: 42
  • Property tax rank: 47
  • Unemployment tax rank: 30

2. New York

  • Corporate tax rank: 13
  • Individual income tax rank: 48
  • Sales tax rank: 43
  • Property tax rank: 46
  • Unemployment tax rank: 38

3. California

  • Corporate tax rank: 28
  • Individual income tax rank: 49
  • Sales tax rank: 45
  • Property tax rank: 16
  • Unemployment tax rank: 22

4. Connecticut

  • Corporate tax rank: 27
  • Individual income tax rank: 43
  • Sales tax rank: 26
  • Property tax rank: 50
  • Unemployment tax rank: 21

5. Arkansas

  • Corporate tax rank: 34
  • Individual income tax rank: 40
  • Sales tax rank: 46
  • Property tax rank: 29
  • Unemployment tax rank: 23

6. Minnesota

  • Corporate tax rank: 44
  • Individual income tax rank: 46
  • Sales tax rank: 28
  • Property tax rank: 26
  • Unemployment tax rank: 34

7. Vermont

  • Corporate tax rank: 45
  • Individual income tax rank: 39
  • Sales tax rank: 16
  • Property tax rank: 49
  • Unemployment tax rank: 16

8. Maryland

  • Corporate tax rank: 32
  • Individual income tax rank: 45
  • Sales tax rank: 19
  • Property tax rank: 42
  • Unemployment tax rank: 33

9. Iowa

  • Corporate tax rank: 48
  • Individual income tax rank: 42
  • Sales tax rank: 15
  • Property tax rank: 35
  • Unemployment tax rank: 35

10. Louisiana  

  • Corporate tax rank: 37
  • Individual income tax rank: 32
  • Sales tax rank: 48
  • Property tax rank: 33
  • Unemployment tax rank: 4

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