2024 Competitiveness Redbook | Page 18

TABLE 11 Source : Council on State Taxation ( COST ): State and Local Business Taxes Report
Business Taxes as a Share of All Taxes and GSP ( FY 2022 )
Rank
% of Private Sector GSP
% of All Taxes
Rank
Business Taxes Per Employee
Rank
1 Vermont
8.9 %
56.3 %
7
$ 11,900
6
2 New Mexico
8.7 %
61.4 %
4
$ 12,100
5
2 North Dakota
8.7 %
73.6 %
1
$ 15,700
1
4 Maine
7.6 %
50.4 %
15
$ 10,300
10
4 Wyoming
7.6 %
72.6 %
2
$ 13,800
4
6 Alaska
7.3 %
72.0 %
3
$ 14,800
2
7 Hawaii
7.0 %
37.3 %
43
$ 11,000
9
8 West Virginia
6.8 %
51.6 %
12
$ 9,600
13
9 Mississippi
6.7 %
51.6 %
12
$ 8,000
19
10 New York
6.3 %
45.7 %
23
$ 14,400
3
11 Delaware
5.8 %
55.5 %
8
$ 11,500
7
12 Montana
5.6 %
44.1 %
27
$ 7,300
31
12 Nevada
5.6 %
54.6 %
10
$ 8,400
16
12 Oklahoma
5.6 %
51.1 %
14
$ 8,200
17
15 Illinois
5.5 %
46.4 %
21
$ 9,600
13
15 Louisiana
5.5 %
50.0 %
16
$ 8,200
17
15 Rhode Island
5.5 %
40.8 %
37
$ 7,800
23
18 California
5.4 %
41.8 %
32
$ 11,200
8
19 New Jersey
5.3 %
37.2 %
44
$ 9,700
12
19 South Carolina
5.3 %
47.8 %
19
$ 7,100
34
19 Texas
5.3 %
60.0 %
5
$ 9,500
15
22 Kentucky
5.1 %
44.6 %
25
$ 6,700
38
22 Oregon
5.1 %
41.7 %
33
$ 7,900
21
24 Alabama
5.0 %
46.1 %
22
$ 6,700
38
24 Kansas
5.0 %
45.5 %
24
$ 7,600
24
26 Florida
4.9 %
52.3 %
11
$ 7,300
31
27 Idaho
4.8 %
41.9 %
30
$ 6,400
41
27 South Dakota
4.8 %
58.4 %
6
$ 7,600
24
29 Arkansas
4.7 %
40.3 %
39
$ 6,200
42
29 Iowa
4.7 %
44.4 %
26
$ 7,100
34
29 Minnesota
4.7 %
39.7 %
40
$ 7,400
30
29 Nebraska
4.7 %
46.6 %
20
$ 7,500
28
29 Pennsylvania
4.7 %
41.9 %
30
$ 7,300
31
29 Virginia
4.7 %
40.6 %
38
$ 7,500
28
29 Washington
4.7 %
49.7 %
17
$ 10,100
11
36 Colorado
4.6 %
43.7 %
29
$ 8,000
19
36 Maryland
4.6 %
31.8 %
50
$ 7,600
24
38 Tennessee
4.5 %
54.7 %
9
$ 6,800
37
39 New Hampshire
4.4 %
49.7 %
17
$ 7,000
36
40 Ohio
4.3 %
43.9 %
28
$ 6,500
40
40 Wisconsin
4.3 %
41.2 %
36
$ 5,900
45
42 Arizona
4.2 %
41.3 %
35
$ 6,200
42
43 Connecticut
4.0 %
33.5 %
49
$ 7,900
21
43 Massachusetts
4.0 %
35.7 %
48
$ 7,600
24
45 Georgia
3.8 %
41.4 %
34
$ 6,100
44
45 Indiana
3.8 %
37.2 %
44
$ 5,500
47
45 Michigan
3.8 %
36.7 %
47
$ 5,500
47
45 Missouri
3.8 %
39.7 %
40
$ 5,200
50
45 Utah
3.8 %
38.3 %
42
$ 5,700
46
50 North Carolina
3.5 %
37.0 %
46
$ 5,400
49
Dist . of Columbia
5.1 %
53.0 %
$ 10,900
United States
5.0 %
44.6 %
$ 8,500
Washington ranks 29th in business taxes as a share of private sector GSP , 17th in the share of taxes paid by business and 11th in business taxes per employee .