Florida Ranked 6th Best State Tax System for Small Business

The Small Business & Entrepreneurship Council (SBE Council) published the “Business Tax Index 2009: Best to Worst State Tax Systems for Entrepreneurship and Small Business”. As a small business owner in the Tampa Bay area, it’s nice to see that Florida is ranked 6th overall. Compare Florida’s Tax index score of 22.423 to Washington DC’s score of 58.315 and you realize we don’t have it so bad.

The Business Tax Index takes into account 16 different tax measures, including:

1. Personal Income Tax Rates (Florida tied for 1st with 8 other states).
2. Capital Gains Tax Rates (Florida tied for 1st with 8 other states).
3. Corporate Income Tax Rates (Florida ranked 15th)
4. Corporate Capital Gains Tax Rates (Florida ranked 17th)
5. Additional Income Tax on S-Corporations
6. Individual Alternative Minimum Tax
7. Corporate Alternative Minimum Tax
8. Indexing Personal Income Tax Rates
9. Property Taxes (Florida ranked 31st)
10. Local Sales, Gross Receipts, and Excise Taxes (Florida ranked 43rd)
11. Adjusted Unemployment Tax (Florida ranked 4th)
12. Death Taxes
13. Tax Limitation States
14. Internet Taxes
15. Gas Tax (Florida ranked 48th)
16. Disel Tax (Florida ranked 38th)

Download the full PDF report: Business Tax Index – 2009

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