California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

The Tax Foundation released its 2008 State Business Tax Climate Index. The Index ranks
how ‘business friendly’ the individual state tax systems are to business and industry.

The Index ranks states based on the taxes that matter most to businesses and business
investment: corporate tax, individual income tax, sales tax, unemployment tax and property
tax. The states are scored on these taxes, and the scores are weighted based on the relative
importance or impact of the tax to a business.

While South Dakota is ranked the best, California is fortunately not ranked as the
worst.  That honor goes to Rhode Island followed by New Jersey then New York.
California is number 47 on the list.

The Index has been published yearly by the Tax Foundation since 2003.

I am Tim Johnson and this has been the California Business Minute.

For further information go to: www.californiabusinessminute.com  then to Research, see the arrticle California
Ranked Rated and Graded. Additionally, for further information on the Tax Foundation Index, go to: http://www.taxfoundation.org/publications/show/22658.html