Wyoming still has the best business tax climate in the U.S.
New Yorkers who fall in love with Wyoming’s natural beauty during visits to Jackson Hole have another reason to consider relocating. For the fifth year in a row, the Cowboy State will take the top ranking in the Tax Foundation’s State Business Tax Climate Index, due out Wednesday.
Wyoming is followed closely by South Dakota and it’s easy to see why. Both states collect neither an individual nor corporate income tax. Rounding out the top five are Alaska, Florida and Nevada, which also have no income tax.
A northeasterner thinking of putting down roots in one of these friendly climes wouldn’t be the first. Providing a powerful incentive to go west, New Jersey once again finished dead last, slightly worse than 49th-ranked New York.
