In the states’ race to the bottom, California is always one of
the front-runners. Such is the case once again in the latest
Tax Foundation survey, ranking the states’ “business tax
Sadly, this past year we’ve moved from our dismal 48th rank down
to 49th. Or up to 2nd, if you think of it as a race. CA
is now worse than corrupt New York. We are closing in on the
“champ” — Tony Soprano’s New Jersey.
This Tax Foundation survey of the business TAX climate is based
exclusively on the five big state taxes:
Corporate income tax
Individual income tax
Unemployment Insurance Tax
So to be fair, let’s stipulate that the survey does NOT include
other important factors affecting the overall business climate of a
state. So CA may not be 49th. It may be — uh . . . er .
. . .
For instance, California in 2017 was rated the “2nd worst state
judicial hellhole” in U.S. – better than only Florida.… Read More