WASHINGTON –– New Jersey ranked second to last among states in terms of business tax climate in the latest ranking from the Tax Foundation in Washington, D.C.
The ranking examined tax policies for fiscal year 2008 rating each state on the basis of a number of different business taxes.
New Jersey ranked 41st in terms of corporate taxes, 49th in individual income taxes, 44th in sales taxes, 24th in unemployment insurance taxes and 49th in property taxes.
New York finished just ahead of this state at 48th and only Rhode Island ranked worse at the bottom.
Wyoming, South Dakota and Nevada finished at the top of the ranking.
Another ranking by the Tax Foundation, a non-partisan tax research group that tries to educate taxpayers, is featured in a front-page story this week’s print edition.
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