New report: Washington Businesses Account for 58 Percent of State and Local Tax Collections

By: Emily Makings
12:00 am
January 12, 2016

In a new report, we look at recent publications from the Council On State Taxation and the Tax Foundation. Briefly:

  • Nationally, business tax revenues were up 2.2 percent in 2014.
  • Washington state’s total effective business tax rate (TEBTR) rose to 5.4 percent in 2014.
  • State and local governments tax Washington businesses an average of $7,700 per employee.
  • Washington has the sixth highest percentage of business taxation in the U.S.
  • The tax-benefit ratio for businesses in this state is the ninth worst.
  • The Tax Foundation rates Washington’s tax climate as 12th best, due to the lack of an income tax.
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