Tuesday, May 02, 2006

New York Has Worst State Tax Climate
Tuesday, May 2, 2006

The states with the best tax environments are Wyoming, South Dakota, Alaska, Florida and Nevada, according to an in-depth analysis by the Tax Foundation.

The Foundation compiles a State Business Tax Climate Index (SBTCI) to help business executives, policymakers and the media gauge how each state's tax system compares with other states, and ranks the 50 states according to the best and worst tax climates.

Wyoming and South Dakota, No. 1 and No. 2 respectively, have no corporate income tax and no individual income tax.
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