FSB Who loves small business best? 2006
Which states are low on taxes and light on government regulations? Exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council.*
Idaho
Rank: 34
Taxes
Top personal income tax rate 7.80%
Top capital gains tax rate on individuals 7.80%
Top corporate income tax rate 7.60%
S-corporations tax rate 0.00%
State AMT? No
Estate or inheritance tax? No
Gas tax ($ per gallon) 0.25
Health-insurance regulations
No individual may be turned down  
Insurers must charge same price to everyone in a community  
Energy costs
Electricity (cents/kilowatthour) 5.14
Gas (average price per gallon)** $2.48
Bureaucracy
State and local govt. bureaucrats per 100 residents 5.4
Labor
State minimum wage/hour $5.15***
"Right to work" state? Yes****
Footnote:
* SBE Council, a Washington, D.C.-based nonprofit which advocates for reduced government taxes and regulations on small business, tends to lobby for the Republican agenda when it comes to taxes and regulations.
** Source: Oil Price Information Service (http://www.opisnet.com). Gas prices are not part of the SBEC's Small Business Survival Index.
*** State has no minimum wage. This is the federal minimum wage.
**** In right-to-work states, employees are not required to join a union or pay union dues to work at companies with labor unions.
Low taxes
1 South Dakota
2 Nevada
3 Wyoming
Low energy costs
1 Kentucky
2 West Virginia
3 Missouri
How we ranked the states
Which states are low on taxes and light on government regulations? In these exclusive rankings for FSB.com, the Small Business & Entrepreneurship Council, a nonprofit advocacy group in Washington, D.C. used their Small Business Survival Index to rate the 50 states and Washington, D.C. according to some of the major government-imposed or -related costs affecting investment, entrepreneurship, and business. SBE Council, which advocates for reduced government taxes and regulations on small business, supports a mostly Republican agenda. (more)
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.