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State Tax Masochism by the Sea - WSJ - The Wall Street Journal

Author: WSJ

Source: https://www.wsj.com/articles/state-tax-rates-tax-foundation-business-da655aba

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OpinionReview & OutlookA Tax Foundation ranking of state business tax climates shows why more companies are fleeing the coasts.One great benefit of America’s federalist Constitution is policy competition among the states.Voters in Florida don’t have to live under New York’s laws, and Americans and businesses can vote with their feet by moving across state lines.That truth came into focus again last week when the Tax Foundation released its annual ranking of state business tax climates, and there’s a yawning gap between the winners and losers.The best performers ease commerce by forgoing major taxes.The worst stack up punishing rates, making new business much more difficult and costly.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.87990cbe856818d5eddac44c7b1cdeb8What to Read NextSponsored OffersTurboTax: Save up to $15 with TurboTax coupon 2023The Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: Get 20% off H&R Block tax software productsTop Resume: Top Resume Coupon: 10% off professional resume writingeBay: eBay coupon: Save 20% on purchasesGroupon: Up to $50 off any order with Groupon promo code

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