CALIFORNIA'S NOT TOO FRIENDLY TO SMALL BIZ.California has dropped from 39th to 44th on the list of small-business-friendly states, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. research conducted by the Washington D.C.-based Small Business Survival Committee. The Small Business Survival Index 2001 examines 17 major government costs impacting small businesses and entrepreneurs such as taxes, electricity costs, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. costs, crime rates, number of bureaucrats, tax limitation status and state minimum wages. A not too-surprising reason for the decline is the state's electricity crisis, pushing California down the pipeline from 16th to 41st in terms of electric utility costs. Also, California has the highest capital-gains tax rate and second-highest gasoline tax Noun 1. gasoline tax - a tax on every gallon of gasoline sold excise, excise tax - a tax that is measured by the amount of business done (not on property or income from real estate) . The most entrepreneur-friendly states according to the index include: Nevada, South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). , Washington, Wyoming, Florida and Texas. Least friendly: New Jersey, Montana, Iowa, Ohio, West Virginia, Vermont, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and California. For a copy of the Small Business Survival Index 2001, visit SBSC's Web site at www.sbsc.org. |
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