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Are you thinking of starting your own business?
But, there is the issue of startup costs, which vary from state to state.
One being its high income tax rate of 13.3%.
New Jersey was third highest when it came to internet crime losses.
Massachusetts
Massachusetts ranks high because it has the highest LLC business filing fee at $520.
Massachusetts also has the second highest GDP per capita.
New York
New York has the highest GDP per capita in the country.
The state has the third highest income tax rate at 10.9%.
This makes it a pricey state to earn a living as a business owner.
Illinois
The corporate tax rate in Illinois is the second highest nationwide at 9.5%.
The income tax rate is the sixth highest at 9.85%.
These combined make tax season pricey for business owners in the land of 10,000 lakes.
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