It’s that time of year again. The Tax Foundation has released its 2017 State Business Tax Climate Index.
According to the Foundation’s release:
The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap for improvement.
Here are the most taxed to the least taxed states (from WORST to BEST), according to the Tax Foundation:
The WORST States:
44. Rhode Island
49. New York
50. New Jersey
The BEST States:
2. South Dakota
7. New Hampshire
As a side note, all of the highest-taxed states do not have “right-to-work” laws, while half of the lowest-taxed states do have “right-to-work” laws.
This could be merely a coincidence, however.