Wednesday, October 27, 2010

California 2nd worst state for business climate

California is suffering a particularly steep recession. It is a self-inflicted problem. The TaxProf reports (hat tip: Instapundit):
The Tax Foundation today released the 2011 State Business Tax Climate Index (8th ed.) which ranks the fifty states according to five indices: corporate tax, individual income tax, sales tax, unemployment insurance tax, and property tax. Here are the ten states with the best and worst business tax climates:
Curiously, all ten of the worst business climate states voted for Barack Obama in 2008.

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