There’s a factor left out of the map. Population vs. business attitudes. Federalism is coming back, one way or another, and what state one lives and works in is going to be much more important than it used to be. Larger states, forming a contiguous regulation regime over a larger population, will be at an advantage if the regulation is light enough. Texas is looking good…
Obviously there are more factors to locating a business than just the tax climate.
Does anyone really think places like Illinois and Michigan are good places to start a business?
I suspect regulations, prevailing wages, whether or not a state is a right to work state or whether the state has a looming ‘fiscal cliff’ also figure prominently in the calculation of locating a business.
I suspect the tax situation will be worse everywhere by 2016.
I agree with feeblemind. And it seems kind of fishy that Illinois is so middle-of-the-pack here; doesn’t seem to jibe with everything we know about it.
December 4th, 2012 at 3:39 am
There’s a factor left out of the map. Population vs. business attitudes. Federalism is coming back, one way or another, and what state one lives and works in is going to be much more important than it used to be. Larger states, forming a contiguous regulation regime over a larger population, will be at an advantage if the regulation is light enough. Texas is looking good…
December 4th, 2012 at 12:11 pm
When I retire, I can save $1500 a month by not living in New York state. That’s just state income taxes and property taxes.
December 5th, 2012 at 5:07 pm
Obviously there are more factors to locating a business than just the tax climate.
Does anyone really think places like Illinois and Michigan are good places to start a business?
I suspect regulations, prevailing wages, whether or not a state is a right to work state or whether the state has a looming ‘fiscal cliff’ also figure prominently in the calculation of locating a business.
I suspect the tax situation will be worse everywhere by 2016.
December 6th, 2012 at 12:36 pm
I agree with feeblemind. And it seems kind of fishy that Illinois is so middle-of-the-pack here; doesn’t seem to jibe with everything we know about it.