Worst: District of Columbia
Top personal income tax rate: No. 44 at 8.5%
Top individual capital gains rate: No. 45 (tie) at 8.5%
Top corporate income tax rate: No. 50 at 9.975%
Top corporate capital gains rate: No. 50 at 9.975%
Gas tax: 23.5 cents
Wireless tax: 11.7 cents
Internet access tax: No
Our nation's capital is, once again, ranked as the worst state for small business.
It has some of the highest corporate income and corporate capital gains rates, high property taxes, even an added tax for S Corps. The District of Columbia also has the highest state and local debt in the country, a high five-year rate increase in state and local government spending and the highest crime rate in the country.
From the measures the SBE Council uses, the only positive looks like a lack of individual and corporate AMT.