{"id":4310,"date":"2012-01-27T12:40:40","date_gmt":"2012-01-27T19:40:40","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=4310"},"modified":"2012-01-27T14:25:18","modified_gmt":"2012-01-27T21:25:18","slug":"state-tax-comparisons-leave-out-part-of-the-picture","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2012\/01\/27\/state-tax-comparisons-leave-out-part-of-the-picture\/","title":{"rendered":"State Tax Comparisons Leave Out Part of the Picture"},"content":{"rendered":"
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Click to enlarge \/ The Tax Foundation<\/p>

Idaho ranks 21st among states with a business friendly tax climate.<\/p><\/div>\n

The Tax Foundation’s annual index of state business climate<\/a> came out this week.\u00a0 It ranks Idaho’s business tax climate 21st, up a spot from last year.\u00a0 All of Idaho’s neighboring states ranked higher.\u00a0 Montana ranks 8th, Wyoming ranks 1st, Nevada ranks 3rd and Utah ranks 10th.\u00a0 So we started asking, what does this index mean?<\/p>\n

Idaho Association of Commerce and Industry president Alex LaBeau<\/a> says states tend to highlight these rankings when they’re ranked high and downplay them when they rank low.\u00a0 “Every ranking is somewhat subjective to the variables that the study considers,” LaBeau says.\u00a0 “Without further understanding of those variables the ranking lacks any real value.”<\/p>\n

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The study uses a formula to compare property, income, corporate, sales and unemployment insurance taxes in every state.\u00a0 Each tax is weighted differently.\u00a0 Many of the states in the top ten are missing one of the major tax categories.\u00a0 For instance, Wyoming, Nevada and South Dakota have no corporate or individual income tax.\u00a0 New Hampshire and Montana have no sales\u00a0tax.<\/p>\n

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