Showing posts with label Tax Foundation. Show all posts
Showing posts with label Tax Foundation. Show all posts

Friday, October 11, 2013

JERRY BROWN'S MIRACLE: HE MADE CALIFORNIA TAXES WORSE

Gov. Jerry Brown has been signing a slew of bills designed to make Democrats happy--not just in California but nationwide. From protecting illegal aliens from deportations for minor crimes, to allowing non-physicians to perform abortions, he has checked every box on the blue social agenda. (He did veto a bill that would have let non-citizens serve on juries, but many reluctant jurors might describe that as doing them a favor.)

At the same time, however, news about California's economy remains alarming. On Wednesday, the non-profit Tax Foundation ranked California 48th out of the 50 states (again) in its "business tax climate"--the worst west of the Mississippi River, and ahead of only New Jersey and New York. Like other low achievers, California has "complex, non-neutral taxes with comparatively high rates," according to the foundation report.
That is the real news being drowned out by liberal applause. Democrats tell themselves that Brown has done more than enough to turn the state around, having balanced the budget by raising taxes and shifting funds over from the state's underperforming carbon auctions. But the reality is that the state's economy continues to be hollowed out by the liberal gentry's utopianism, the public unions' greed and the underclass's needs.

Tuesday, October 9, 2012

Report: NY, NJ, CA Worst Business Tax Climates


CNSNews.com) -- Wyoming, South Dakota, and Nevada, in that order, have the "business-friendliest" tax climates, according the Tax Foundation in its report, the 2013 State Business Tax Climate Index, which was released today.
Those three states held the same top three  “business-friendliest” rankings as last year, according to the Tax Foundation.
The 2013 State Business Tax Climate Index measures the components of an individual state's tax system, such as the corporate tax index, individual tax index, Sales Tax Rank, unemployment insurance tax rank, and property tax rank.
Six states are tied for first in the individual tax index rank. However, three states –Wyoming, South Dakota, and Nevada – ranked first, second, and third respectively in the “overall” business tax climate index category. The top ten rankings in that “overall” category are as follows:
  1. Wyoming
  2. South Dakota
  3. Nevada
  4. Alaska
  5. Florida
  6. Washington
  7. New Hampshire
  8. Montana
  9. Texas
  10. Utah
At the bottom of the list were New York (50th), New Jersey (49th), and California (48th).

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