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.