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2022 State Business Tax Local Weather Index

For New Hampshire, its 5 p.c fee was multiplied by 19.6 %, yielding the equal fee of 0.ninety eight p.c. For Tennessee, with a tax price of 6 %, this calculation yields an equal rate of 1.18 percent. Some states mitigate the unfavorable economic impact of the capital inventory tax by allowing corporations to pay the upper of their capital stock tax or their corporate tax. States that don’t have a capital stock tax get the best scores on this subindex whereas the states that pressure corporations to pay each rating the worst.

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  • Taxation is inevitable, but the specifics of a state‚Äôs tax structure matter tremendously.
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