California Has Third-Worst Business Tax Climate in the United States, Foundation Finds
The Golden State maintained its longstanding position of having a business tax climate that is worse than 47 other states, but better than New York and New Jersey. “The states in the bottom 10 tend to have a number of afflictions in common: complex, nonneutral taxes with comparatively high rates,” the foundation group wrote in its annual report, which ranks the states based on five taxes. California ranked 46th in corporation tax, 49th in personal income tax, 47th in sales…