State Tax Rates Vary Widely
Posted by taxguru on September 1, 2015
The different tax rates levied by the various States have long been part of the tax planning analyses I have done for clients. Occasionally, this has resulted in shifting some operations and income into lower tax States in order to save thousands of dollars a year in taxes.
Taxpayers Fleeing Democrat-Run States for Republican Ones – From Americans for Tax Reform
The Tax Foundation has just released a very comprehensive study of the effective tax burdens on several different kinds of business in each of the American States, plus DC. They even contrast the tax rates for newer businesses versus more mature ones. The report is free to download and is an interesting tool for those considering the possibility of reducing their State tax burdens.
The report itself – 128 page PDF
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