Mississippi ranks 30th in 2022 Tax Foundation State Business Tax Climate Index | Mississippi Politics and News

California, New York and New Jersey rank as the worst states with comparatively high tax rates.

The Tax Foundation released its State Business Tax Climate Index this week, with Mississippi ranking 30th overall.

The Tax Foundation says the Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare.

“While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems and provides a road map for improvement,” the report summary states.

The Index ranks states as it pertains to Corporate Tax, Individual Income Tax, Sales Tax, Property Tax and Unemployment Insurance Tax. The Index ranked Mississippi as follows:

Mississippi

  • Overall – 30th
  • Corporate Tax – 13th
  • Individual Income Tax – 25th
  • Sales Tax – 32nd
  • Property Tax – 38th
  • Unemployment Insurance Tax – 6th

The Tax Foundation says…

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