Wednesday, September 30, 2009

Another Survey...Another Last Place Finish

New Jersey comes in last place on a ranking of business friendly states. I guess that explains why Jon Corzine isn't touting his record in his re-election bid.

Of course, New York is the runner-up, with California getting honorable mention.

South Dakota has the most "business-friendly" tax system, and New Jersey has the least, according to the Tax Foundation's 2010 State Business Tax Climate Index released today. The Index measures the competitiveness of the 50 states' tax systems and ranks them accordingly based on the taxes that matter most to businesses and business investment: corporate income, individual income, sales, property and unemployment insurance taxes.

Over-regulation, high taxes and a ridiculously generous taxpayer funded pension system for public employees will tend to drive businesses away. This especially impacts small business where most of us are employed. Is it any wonder populations are fleeing...

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