Florida ranks high in business tax climate but Capital One ...

by Times Editor

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The annual index is described as a tool for lawmakers, businesses and individuals to help measure how their states’ tax systems compare. Policymakers can use the the index to pinpoint changes to their tax systems that might improve their states’ standing in relation to competing states, says the Tax Foundation .

In its annual analysis, the Foundation said the "absence of a major tax" is a dominant factor in vaulting these ten states to the top of the ranking. "Property taxes and unemployment insurance taxes are levied in all 50 states, but there are 12 states that do without one or more of the other major taxes: the corporate tax, the individual income tax, or the sales tax," the Foundation study concludes.

Florida and Texas have no individual income tax . New Hampshire, Delaware, Oregon and Montana

Maybe favorable to businesses, but there is not a sufficiently educated workforce available for high-paying jobs/industry. Florida's infrastructure does not support tech, medical, or even mfg type of work. That is why it received a C as a state to do business in - Favorable financially but hard to support with Florida resources.

Further proof that incentives are penny-wise and pound-foolish.

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