The Tax Foundation relaeased their report at the end of October showing the "2011 State Business Tax Climate Index" which utilized 5 criteria in ranking the 50 states:
- Corporate Tax
- Individual income tax (Florida has none)
- Sales tax
- Unemployment insurance tax
- Property tax
Florida came in at a very respectable 5th, following South Dakota (1), Alaska (2), Wyoming (3), and Nevada (4). So while Florida has many challenges on the real estate front, the business climate is good, and that will stimulate housing sales and new constrution - as jobs relocate to the state or existing businesses expand.
At the other end of the chart, the bottom 5 are Ohio (46), Connecticut (47), New Jersey (48), California (49), and New York (50).
This is no guarantee of one state's chance of success over another, but I like Florida against the 45 ranked below it.
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Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
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