Tax structures vary across states. Each raises public revenues by taxing individuals, corporations, property, sales, etc. Some states choose to tax all of these variables; other states only tax some variables. And then, the rate at which they are taxed can vary from state to state. Since there is variability in what taxes are levied, and at what rate, as an economist I need a tool to is there someplace I can go to evaluate the whole package, to see what the overall burden of taxes as levied by a state are upon its the impact of these taxes on a state’s social and economic structure, and how it compares to other between states?. Thankfully such a tool exists, and you can access it. The answer is yes, at this link. It’s a 2014 State Business Tax Climate Index is available there, calculated by the Tax Foundation. Who is the Tax Foundation? Here is who they say they are: The tax foundation is“Founded in 1937, the Tax Foundation is “the nation’s leading independent, non-partisan organization providing sound research and analysis on federal and state tax policy. The Tax Foundation is a 501(c)(3) non-profit and our offices are located in the National Press Building in Washington, DC.” Utah is listed in the top ten for states with the most favorable tax structure. Check out the article with maps and tables.
