Worst states for taxes 2010
October 07, 2009
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PrintSome states such as New Jersey, New York and Iowa rank in the bottom third for many of the factors considered in the study. Therefore these states rank as worst states for taxes and doing business, according to the Tax Foundation's 2010 State Business Tax Climate Index.
The 10 worst states for taxes are:
| 50. New Jersey | 45. Maryland |
| 49. New York | 44. Rhode Island |
| 48. California | 43. Minnesota |
| 47. Ohio | 42. Wisconsin |
| 46. Iowa | 41. Vermont |
New Jersey and New York retain their bottom 2 spots from the 2009 index. From last years list Wisconsin moved down to the bottom 10 this year, while Nebraska moved out of the bottom 10.
New York, Maryland and California ranked in the bottom for personal tax, while New Jersey and Ohio ranked in the bottom for property tax.
- New Jersey top corporate tax 9.36 percent, top individual income tax 10.75 percent, state sales tax 7 percent.
- New York corporate tax 7.1 percent, top individual income tax 8.97 percent, state sales tax 4 percent.
- California corporate tax 8.84 percent, individual income tax 9.55 percent over $47,055 and 10.55 percent over $1 million, state sales tax 8.25 percent.
- Ohio top corporate tax 3.4 percent, top individual income tax 5.925 percent, state sales tax 5.5 percent.
- Iowa top corporate tax 12 percent, top individual income tax 7.92 percent, state sales tax 6 percent.
- Maryland corporate tax 8.25 percent, top individual income tax 6.25 percent, state sales tax 6 percent.
- Rhode Island corporate tax 9 percent, top individual income tax 9.9 percent, state sales tax 7 percent.
- Minnesota corporate tax 9.8 percent, top individual income tax 5 percent, state sales tax 6.88 percent.
- Wisconsin corporate tax 7.9 percent, top individual income tax 7.75 percent, state sales tax 5 percent.
- Vermont top corporate tax 8.5 percent, top individual income tax 9.4 percent, state sales tax 6 percent.
