10 Worst States for Business Taxes

The Tax Foundation’s 2014 State Business Tax Climate Index used five key factors to determine rankings, with these states being the most burdensome.

The Tax Foundation released on Wednesday the results of its 2014 State Business Tax Climate Index. This is the 10th iteration of the index from the Tax Foundation, a non-partisan research firm.

A state’s position on the index is not just a question of total taxes paid. For a state’s tax climate to be considered good, the Tax Foundation looked at how many major taxes were levied on companies doing business there. States that either forgo major taxes or keep rates low were more likely to appear in the top 10.

Baltimore Inner Harbor

10. Maryland

Capitol Building, Hartford, Conn.

9. Connecticut

Wisconsin State Capitol.

8. Wisconsin

Raleigh, N.C., skyline.

7. North Carolina

Ski resort in Killington, Vt.

6. Vermont

Castle Hill Lighthouse in Newport, RI.

5. Rhode Island

Minnesota State Capitol building in Saint Paul.

4. Minnesota

Aerial view of San Francisco and Golden Gate Bridge.

3. California

View of Jersey City from Liberty State Park.

2. New Jersey

The Statue of Liberty and the New York skyline.

1. New York

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