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ANOTHER BOTTOM 10 FINISH!

November 29, 2006

The Small Business & Entrepreneurship Council has released its "Small Business Survival Index" for 2006. It ranks states on their policy environments for small business.

Iowa has the 41st best ranking, or, more accurately, 10th worst. The The top 10:

1. South Dakota
2. Nevada
3. Wyoming
4. Alabama
5. Washington
6. Florida
7. Mississippi
8. Colorado
9. Texas
10. Michigan

The bottom 10:

41. Iowa
42. Vermont
43. Massachusetts
44. Hawaii
45. New York
46. Minnesota
47. Maine
48. Rhode Island
49. California
50. New Jersey

The best states on the list are have low income tax rates or no income tax. The worst states, like Iowa, have high income tax rates, which they try to ameliorate with targeted tax breaks. This list shows how well that works.

The full list.

These rankings has results that track fairly well with with the Tax Foundation's annual ranking of state business tax climates, with the strange exception of Michigan, which doesn't usually score so well on these things.

Via About: Business Law / Taxes: U.S.

Link: Full Tax Foundation State Business Tax Climate Index

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