Texas Ranks #3 for Having a Small Business-Friendly Climate!

December 14, 2012
Texas ranks #1 among big states and 3rd among the 50 states (or Obama’s 57 states) in small business-friendly climate.  This is according to the Small Business and Entrepreneur Council. 
 
As the Texas legislature convenes in January, we will work to maintain a good business climate in Texas and one of our top issues is to provide greater transparency for local government debt.
 
Here is an analysis of our pros and cons.
Texas
Rank #3
Key Positives:
No income, capital gains, dividends and interest, and death taxes.
Fairly low unemployment taxes.
Low gas and diesel taxes.
Low workers’ compensation costs.
Right to work state.
Key Negatives:
High property taxes.
High consumption-based taxes.
High number of health insurance mandates.
High crime rate.
High level of government debt.
 
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