This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Best and Worst States for Small Business

Fifth-best: South Carolina

Top personal income tax rate: No. 38 (tie) at 7%
Top individual capital gains rate: No. 14 at 3.92%
Top corporate income tax rate:No. 9 (tie) at 5%
Top corporate capital gains rate: No. 11 (tie) at 5%
Gas tax: 16.8 cents
Wireless tax: 9.6 cents
Internet access tax: No

South Carolina has no death tax, no individual or corporate alternative minimum tax and low unemployment taxes. On the other hand, its personal income rate is fairly high compared with other states, workers compensation costs are high and the state has a very high crime rate, according to the report.

"South Carolina is one of those states that has some clear advantages in key areas," Keating says. "They also are one of the states that have a differential in place between personal and capital gains taxes" excluding part of capital gains from taxation.

The state joins the list this year. It replaced Washington state, which moved down the list to rank 15th best. Keating says the change in ranking results mainly from the data points added this year by the SBE Council.

South Carolina clearly benefited from lower-than-average government debt levels and a slightly lower-than-average share of federal government funding versus other states.
8 of 12

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.19 -1.10%
FB $118.61 0.68%
GOOG $705.11 0.52%
TSLA $212.44 0.43%
YHOO $36.81 -0.35%


Chart of I:DJI
DOW 17,640.85 -19.86 -0.11%
S&P 500 2,047.12 -3.51 -0.17%
NASDAQ 4,699.2780 -17.8160 -0.38%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs