Business and Industry

NY Ranks Dead Last, Again, for Business Climate

Wyoming, South Dakota and Nevada managed to avoid imposing crippling, complicated taxes

|

This is interesting in light of today's scheduled events, which include an update on Wall Street's contribution to the state economy by Comptroller Tom DiNapoli and a NY Works meeting which is part of a Cuomo initiative to rebuild the state's economy.

The Tax Foundation which, granted, looks askance at taxes, ranks New York dead last in terms of the business tax climate. They cite not just the income taxes but the state's property taxes, unemployment taxes (overly complex and saddled with surcharges, they say) and overall complexity.