9-29-16 – Vermont Ranks 47th for Business Climate

by Rob Roper

The Tax Foundation released its 2017 Sate Business Climate Index this week, and Vermont’s ranking comes in at a screen-shot-2016-09-29-at-2-56-27-pmdisappointing but unsurprising 47th. Vermont also came in at 47th in 2016, 46th in 2015, and 45th in 2014.

According to the report, “The Index is designed to show how well states structure their tax systems, and provides a roadmap for improvement.”

The states in the bottom 10, such as Vermont, tend to have a number of shortcomings in common: complex, non-neutral taxes with comparatively high rates. States in the top 10 tend to feature the absence of a major tax, either the personal income tax, corporate tax or sales tax, or levy all the major taxes, but at very low rates.

The rankings looked at each state’s Corporate Tax, Individual Income Tax, Sales Tax, Unemployment Insurance Tax, and Property Tax. Vermont scored 38th, 44th, 16th, 20th, and 48th respectively with an overall ranking of 47th.

Here’s how we stack up next to our neighbors: New Hampshire, making the top 10, came in 7th, Massachusetts 27th, Maine: 30th and New York: 49th.

Rob Roper is president of the Ethan Allen Institute. 

{ 2 comments… read them below or add one }

Jim Bulmer October 1, 2016 at 1:06 pm

Once again Vermont makes news!!! If the catagory is bad, you can bet your biffy that Vermont will be at the front of the parade. On the other hand, if the catagory is possitive, Vermont will be no where to be seen. It’s time for a serious house cleaning in Montpelier. Vote for Republicans in November!!!!

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charles Gross October 7, 2016 at 2:36 am

Silly Sue has got to go before she gets there. If She gets in we will make it to 50th. We are already the 2nd least senior friendly state(enconomically speaking). I can see the future with only liberal college professors and moose living here.

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