Maryland is 10th worst in state business tax index

Maryland is 10th worst in state business tax index

Maryland ranks 10th from the bottom among all 50 states in the Tax Foundations 2014 State Business Tax Climate Index. (DC is not ranked.)

The bottom five states are New York and New Jersey, tied for last place; then California, Minnesota, Rhode Island and Vermont. The bottom ten states all have complex, non-neutral taxes with comparatively high rates, says the Tax Foundation.

The top three states – Wyoming, South Dakota and Nevada – have no corporate or individual income tax. On the other hand, attracting employees to South Dakota might be challenging.

Download Bulletin PDF