Which States Are Best for Business?

The Tax Foundation, a nonpartisan, nonprofit research organization that monitors tax policy, recently named the best--and worst--states for business in its 2007 State Business Tax Climate Index. Wyoming topped the "business-friendly" list, while Rhode Island came in as the worst in the rankings. The foundation measured the competitiveness of each state’s tax system in five different sectors: corporate tax, individual income tax, sales tax, unemployment tax and property tax.

According to the foundation, the 10 best states for business are: Wyoming, South Dakota, Alaska, Nevada, Florida, Texas, New Hampshire, Montana, Delaware and Oregon. The 10 worst states are: Minnesota, Maine, Iowa, Nebraska, California, Vermont, New York, New Jersey, Ohio and Rhode Island. Read the full report here.

With Election Day less than a week away, NFIB is fighting for candidates who can deliver tax relief for small business. Read more about the tax issues that matter most to small-business owners here.