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Taxes: Best and worst states

A study by the Tax Foundation has ranked which states have the best tax environment for business -- and which ones don't.


  • Rank: #3
  • Income tax: None
  • Corporate tax: None
  • Sales tax: Very high

Nevada ranks third best in the study, because it has no corporate and income taxes either.

Property taxes are also low, with the effective rate at only 3.53%.

Nevada doesn't score too well on sales taxes, though. At 6.85%, its rate is one of the highest in the nation.

Its handling of unemployment insurance taxes is a mixed bag. Businesses are promised lower costs, because the state keeps its maximum unemployment insurance rate at 5.4%, which is lower than elsewhere. But unlike other states, employers are limited in the exemptions they can claim to avoid paying it.

Source: Tax Foundation, 2013 State Business Tax Climate Index
- Last updated October 15 2012 10:30 AM ET