New York Ranks Last in Tax Study

New York - A new report is warning that New York State has the most hostile business tax climate in the nation, largely due to its higher-than-average personal income, sales and business taxes.
New York ranks last among the 50 states in terms of the burden placed on businesses by a variety of state taxes, according to a "business climate" study published by the Tax Foundation, a nonpartisan research group that was founded in the 1930s during the Depression.