|
| Top personal income tax rate: | 5.3% |
| Top corporate income tax rate: | 9.5% |
|
| Electricity: | 15.75 cents/kilowatthour |
| Gas (avg. price/gallon): | $2.17 |
|
| Minimum wage: | $6.75/hour |
9. Massachusetts
Rank: 43
Index score: 61.06
Massachusetts entrepreneurs face high corporate income taxes, as well as estate taxes, a high minimum wage, and a new health-care plan that will impose new costs on small business, says Ray Keating, chief economist at SBE Council. On the other hand, it also has renowned universities, a well-educated work force, and strong financial and tech sectors, says Kerrigan.
