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Taxes
Top personal income tax rate:0%
Top corporate income tax rate:4.5%
Energy costs
Electricity:9.87 cents/kilowatthour
Gas (avg. price/gallon):$2.08
Labor
Minimum wage:$5.15/hour*
State has no minimum wage. This is the federal minimum wage.
9. Texas
Index score: 42.71

Texas has no personal income, capital gains or estate taxes. However property taxes, health-insurance regulations and crime rates are relatively high. "It's a good place to do business," says Kerrigan. "It used to be better" before it instituted a corporate income tax, but, she says, cities like Austin, Dallas and Houston are still "great hubs for business activity." Keeping and attracting talent isn't a problem, she says. The K-through-12 education system could be better, but its institutions of higher learning are strong.
In exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council*, we looked for places low on taxes and light on government regulations. These places aren't. (more)
Which places are low on taxes? Exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council.* (more)
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: © 2012 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 © 2012 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. 2012. All rights reserved. Most stock quote data provided by BATS.
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: © 2012 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 © 2012 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. 2012. All rights reserved. Most stock quote data provided by BATS.