Tax Foundation ranks Indiana 10th best in its 2014 State Business Tax Climate Index

The 10 best states in this year’s Index:

 

  1. Wyoming

  2. South Dakota

  3. Nevada

  4. Alaska

  5. Florida

  6. Washington

  7. Montana

  8. New Hampshire

  9. Utah

10. Indiana

 

The 10 lowest ranked, or worst, states in this year’s Index:

 

41. Maryland

42. Connecticut

43. Wisconsin

44. North Carolina

45. Vermont

46. Rhode Island

47. Minnesota

48. California

49. New Jersey

50. New York

 

The report mentions that in 2011, Indiana approved a gradual reduction in the corporate rate through 2015, which will continue to improve Indiana's score.  It also notes that Indiana's personal income tax rate is scheduled to gradually decline (but only slightly) through 2017.

 

Of course, any income tax is counterproductive to a robust economy.  But Indiana at least appears to be headed the right direction.

 

Download the report PDF at <http://taxfoundation.org/sites/taxfoundation.org/files/docs/2014%20State%20Business%20Tax%20Climate%20Index.pdf>.