X

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

(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.
(Read more South Dakota stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.