WebMar 15, 2024 · States with a perfect score on the individual income tax component (Alaska, Florida, South Dakota, and Wyoming) have no individual income tax and no payroll taxes besides the unemployment insurance tax. The next highest-scoring states are Nevada, Texas, Washington, Tennessee, and New Hampshire. WebMar 3, 2024 · Colorado is among the best states for small business owners with a reasonable tax burden and economy that grows. The state ranked 3 rd in access to an educated workforce, plus noted a significant amount of venture capital. Colorado further has a growing population which is another positive.
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