Business Friendly States for Taxes

From CNN Money:

Wyoming tops the list of states with the most business-friendly tax system, according to a report released Monday.

South Dakota, Alaska, Florida, Nevada, New Hampshire, Texas, Delaware, Montana and Oregon round out the top 10, according to the Tax Foundation's State Business Tax Climate Index (to see the full report click here).

Businesses face the least hospitable business tax climate in New York, followed by New Jersey, Rhode Island, Ohio, Vermont, Maine, Kentucky, Nebraska, Iowa and Arkansas.

When looking at total tax burden as a percentage of income, Alaska is the lowest. Tennessee is the fifth lowest in taxes, but has a rather complicated way of taxing some businesses, so it did not make the top rankings of previous list.

UPDATE: See Political Calculations for a dynamic version of these rankings.