Rank: 50
Index score: 65.35
High income, property, and capital gains taxes - as well as an estate tax, corporate AMT (but no individual AMT), and high electric costs take a toll on New Jersey's score on this list. On the other hand, it has a talented, educated work force and affluent population attractive to entrepreneurs. "Unfortunately, that's not being turned into business growth and opportunity as much as it might," says Kerrigan. "You don't hear of business relocating there all the time like you used to."
2. New Jersey
* 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.
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