According to a report released in April 2009 by the Small Business & Entrepreneurship Council (SBEC), Delaware ranks 21st among the best to worst in terms of the costs of their tax systems on entrepreneurship and small business.
The report pulls together 16 different tax measures to produce a tax score that allows the 50 states and District of Columbia to be compared and ranked.
“Taxes seem to feel particularly painful in a down economy, like we are suffering right now. Unfortunately, many of our elected officials don’t seem to grasp the burdens they impose on the private sector, as tax increases recently have been passed and/or are being considered at the federal level and in the states”, reads the report.
“At the state and local levels, taxes have been piling up on small business owners. Many of states and localities continue to increase levies in various ways, including income, property, sales,assorted excise, gross receipts, and death taxes, along with a wide array of fees.”
To access a copy of this report, follow this link:
@link
href=’http://www.sbecouncil.org/uploads/BusinessTaxIndex2009Final.pdf’>www.sbecouncil.org/link
