top of page

States and Their Taxes

When it comes to taxes each state is extremely unique. Some have stricter taxes than others while some have preferably looser taxes that has a lot of wiggle room.

Below is a heat map that has all the states and their corporate tax attached with it. The darker the state the higher the corporate tax.

Screenshot 2023-05-23 at 10.40.10 AM.png

1.Wyoming 

  • Corporate tax rank: 1 (no income tax levied)

  • Individual income tax rank: 1 (no income tax levied)

  • Sales tax: 4% 6th in US

  • Property tax rank: 9.5% 39th in US

  • Unemployment tax rank: 8.5% max 27th in US

​

 

4. Florida 

  • Corporate tax rank: 5.5% 9th

  • Individual income tax rank: 1 (no income tax levied)

  • Sales tax rank: 6% 17th

  • Property tax rank: 0.91% 26th

  • Unemployment tax rank: 2

​

​

​

2. South Dakota

  • Corporate tax rank: 1 (no income tax levied)

  • Individual income tax rank: 1 (no income tax levied)

  • Sales tax rank: 4.5% 35th

  • Property tax rank: (no property tax)22

  • Unemployment tax rank: 1.2% (first year) 44th

5. Montana 

  • Corporate tax rank:6.75% 5th

  • Individual income tax rank: 6.75% 25th

  • Sales tax rank: 1(no sales tax )

  • Property tax rank: 12

  • Unemployment tax rank: 20

3. Alaska 

  • Corporate tax rank: 9.4% 3rd

  • Individual income tax rank: 1 (no income tax levied)

  • Sales tax rank:1.76% 5th

  • Property tax rank: 1.04% 21st

  • Unemployment insurance tax rank: 43rd

Top 5 States for Best Small Business Taxes

Top 5 Worst States For Small Business Taxes

1. New Jersey

  • Corporate tax rank: 9% 49th

  • Individual income tax rank: 50

  • Sales tax rank: 42

  • Property tax rank: 47

  • Unemployment tax rank: 30

 

3. California 

  • Corporate tax rank: 8.84% 28th

  • Individual income tax rank: 49

  • Sales tax rank: 45

  • Property tax rank: 16

  • Unemployment tax rank: 22

​​

2. New York 

  • Corporate tax rank: 6.5% 13th

  • Individual income tax rank: 48

  • Sales tax rank: 43

  • Property tax rank: 46

  • Unemployment tax rank: 38

 

4. Connecticut 

  • Corporate tax rank: 9% 27th 

  • Individual income tax rank: 43

  • Sales tax rank: 26

  • Property tax rank: 50

  • Unemployment tax rank: 21​

​

​

​

​

5. Arkansas 

  • Corporate tax rank: 6.5% 34th

  • Individual income tax rank: 40

  • Sales tax rank: 46

  • Property tax rank: 29

  • Unemployment tax rank: 23

bottom of page