New Jersey, New York Have The Worst Business Tax Climates In America ...Middle East

View of Manhattan from the air from a medium distance getty New Jersey and New York have the worst business tax climates in the country according to a new analysis from the Tax Foundation. These states have been here before: New Jersey has come in last since 2018, while New York has placed 49th since 2019. Both states are losing people to lower-tax states, so now is a great time for each to make some reforms and improve their ranking. According to the Tax Foundation, the lowest ranked states all suffer from complex, distortionary taxes with high rates. New Jersey has one of the highest property tax burdens in the country, as well as some of the highest corporate and individual income tax

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