Dayhoff Soundtrack: Tax Foundation: 2011 State Business Tax Climate Index (Eighth Edition)

Monday, November 08, 2010

Tax Foundation: 2011 State Business Tax Climate Index (Eighth Edition)

October 26, 2010 http://www.scribd.com/doc/41525892/Tax-Foundation-2011-State-Business-Tax-Climate-Index-Eighth-Edition

2011 State Business Tax Climate Index (Eighth Edition) http://www.taxfoundation.org/research/show/22658.html

Background Paper No. 60

(The link for the document, “2011 State Business Tax Climate Index (Eighth Edition), PDF, 1022.4 KB by Kail Padgitt” may be also accessed from the Tax Foundation website here: http://www.taxfoundation.org/files/bp60.pdf)

(Hat Tip and some excellent commentary may also be found here: http://www.mdpolicy.org/policyblog/newsID.159/news_detail.asp - by The Maryland Public Policy Institute, “Maryland’s Tax Climate” by John J. Walters.)

The Baltimore Business Journal wrote about the tax climate index here: http://www.bizjournals.com/baltimore/news/2010/10/26/maryland-ranks-44th-in-tax-climate-study.html - “Maryland ranks 44th in tax climate study,”

Baltimore Business Journal Tuesday, October 26, 2010 Read more: Maryland ranks 44th in tax climate study | Baltimore Business Journal.

Introduction - http://www.taxfoundation.org/research/show/22658.html

The Tax Foundation presents the 2011 version of the State Business Tax Climate Index (SBTCI) as a tool for lawmakers, the media, and individuals alike to gauge how their states' tax systems compare. Policymakers can use the SBTCI to pinpoint changes to their tax systems that will explicitly improve their states' standing in relation to competing states.

The modern market is characterized by mobile capital and labor. Therefore, companies will locate where they have the greatest competitive advantage. States with the best tax systems will be the most competitive in attracting new businesses and most effective at generating economic and employment growth.

American companies often function at a competitive disadvantage in the global economy. They pay one of the highest corporate tax rates of any of the industrialized countries. The top federal rate on corporate income is 35 percent, and states with punitive tax systems cause companies to be even less competitive globally.

While most of the tax debate this year has focused around state budget problems and the expiration or extension of the 2001-03 Bush tax cuts, it is important to remember that states' stiffest competition often comes from other states… http://www.taxfoundation.org/research/show/22658.html

[20101026 Tax Foundation 2011 SBTCI bp60.pdf]

Tax Foundation, business, regulatory, taxes, rankings, State Business Tax Climate Index, Kail Padgitt

Tax Foundation: 2011 State Business Tax Climate Index (Eighth Edition)

*****