A national tax group has put Indiana in the top 10 when it comes to business taxes.
The Tax Foundation ranked Indiana 8th in the nation when it comes to a business tax climate. However the state ranked 22nd when it came to the state and local tax burden as a percentage of state income.
Some of the other findings showed…
- Federal aid as a percentage of state general revenue: 23rd (accounts for 33 percent of Indiana’s budget, above the U.S. average of 30 percent)
- State individual income tax collections per capita: 32nd ($791; national average: $967)
- State corporate income tax collections per capita: 26th ($136; national average: $144)
Indy Politics spoke with Scott Drenkard of the Tax Foundation about the report. The Leon-Tailored audio runs about 17 minutes.
We also discussed gas taxes and the implications of Indiana shifting the entire sales tax on gasoline to pay for road funding.