Michigan's Tax Climate Ranks 13th in the Nation

Date: December 01, 2015

In Michigan, Christmas comes all year long for small business owners, according to a new tax climate index. 
The non-partisan Tax Foundation’s 2016 Business Tax Climate Index ranked Michigan’s tax system as No. 13 nationwide. The state has had the same ranking since 2014. 
The worst rankings the state received came for its property tax rank, which was 26th. Meanwhile the state ranks No. 7 in the nation for its sales tax rate.
The best states tend to have no or few major taxes, including the corporate income tax, individual income tax, or the sales tax.
Ahead of Michigan, Wyoming ranked No. 1, South Dakota ranked No. 2, and Alaska ranked No. 3. Meanwhile, at the bottom of the rankings were California ay No. 48, New York at No. 49 and New Jersey at No. 50. 

Related Content: Small Business News | Economy | Michigan

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