The New Business Tax Climate Index Is In, And…

This just in: Virginia’s position in the Tax Foundation’s 2019 Business Tax Climate Index… 22nd in the country.

The Old Dominion scores pretty well on corporate taxes (10th) and sales taxes (10th), but poorly on property taxes (30th), individual taxes (35th), and unemployment insurance taxes (43rd).

If it’s any consolation, our neighbors to the north, Maryland and Washington, D.C., rank 40th and 46th respectively, which puts Northern Virginia in a superior competitive position. But our neighbors to the south, North Carolina and Tennessee, rank 12th and 16th respectively — bad news for the Rest of Virginia.

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4 responses to “The New Business Tax Climate Index Is In, And…

  1. well.. “climate” versus actual performance which doesn’t exactly match up!

    How can it be that California is rated so poorly for “climate” but performs so well in reality”

    Virginia also – is punching above it’s “climate” ranking!!

  2. Hmmm. Looking at the other times you’ve reported on this (linked by the computer) we are up 9 points from last year (31st), up five points from four years ago (27th). And they ding us on unemployment taxes, where the basics are nationwide and dictated by the fed and I’m unaware of anything basic in that system which has changed. Rather volatile when little has changed.

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