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.

However, states' position in the index is also relative. One state's ranking might be higher simply because another state's tax code is more burdensome. "Every tax law will in some way change a state's competitive position relative to its immediate neighbors, its geographic region and even globally," according to the report.

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