New York at Bottom of Tax Climate Ranking

By Matt Hicks

New York at Bottom of Tax Climate Ranking

October 9, 2012 Updated Oct 10, 2012 at 10:21 AM EDT

(WBNG Binghamton) When it comes to business tax climate, a newly released ranking puts New York State at the bottom.

This comes from the Tax Foundation, a non-partisan tax research group based in Washington, D.C.

It ranks states by the money they're able to bring in without the aid of a major tax, such as a corporate tax, individual income tax, or a sales tax.

The Empire State is ranked 50th.

In a statement, the Business Council of New York said the report does not reflect the progress made in the last two years, but also shows there is plenty of work still ahead to reverse years of bad tax and spending decisions.

Pennsylvania is ranked 19th on the list.

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