Best States for Small Business
Some states love small business a little more than others. CNNMoney names the top 10
By Sophie Goldstein,  Newser User
Posted Nov 25, 2007 2:54 PM CST
   (Index Open (http://www.indexoen.com))

(Newser) – If you want your seed of genius to grow, plant it in the right soil. CNNMoney finds the most small-business-friendly states:

  1. South Dakota: No tax personal income, capital gains, corporate income, or corporate capital gains and low energy costs.
  2. Nevada: No income, capital gains, corporate income, or corporate capital gains tax and some of the country's lowest property taxes.

  1. Wyoming: Low energy costs and no personal income, capital gains, corporate income, or corporate capital gains tax.
  2. Washington: Low taxes and electricity costs.
  3. Florida: No personal, capital gains, or death taxes.
  4. Michigan: Low taxes all round with the exception of onerous property taxes.
  5. Texas: No personal or capital gains taxes, and low corporate income and corporate capital gains taxes.
  6. South Carolina: Personal income tax is high, but other taxes, electricity and gas are low.
  7. Virginia: Proximity to the federal government, highly educated and affluent households, and a great policy climate.
  8. Alabama: Low taxes across the board.

 

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