CNN Money writes last week about where the tax and regulatory climate is best for for small business. They quote Small Business and Entrepreneurship Council’s latest ranking which puts, drum roll please: South Dakota at the very top. It does not tax personal income or capital gains, corporate income or capital gains. Fuel is cheap. A little far away from those of us that like the city life, but hey, you can’t have everything.
Now number 2, Nevada has all the advantages taxwise of South Dakota but sales and gas taxes are among the highest in the nation. Water can be scarce and whatever else comes with gambling. But heck, the entertainment here is alot better than South Dakota.
Where does your state rank? Illinois is not in the top ten!
