Florida in Top 10 Business-Friendly States

Florida, at number five, is in the top 10 states in the Tax Foundation's list of "2012 State Business Tax Climate Index." Leading the list is Wyoming, South Dakota, Nevada, Alaska and then Florida. According to the Tax Foundation:

"It is obvious that the absence of a major tax is a dominant factor in vaulting many of these 10 states to the top of the rankings. Property taxes and unemployment insurance taxes are levied in every state, but there are several states that do without one or more of the major taxes: the corporate tax, the individual income tax, or the sales tax. Wyoming, Nevada and South Dakota have no corporate or individual income tax; Alaska has no individual income or state-level sales tax; Florida has no individual income tax; and New Hampshire and Montana have no sales tax."

At the bottom of the list is New Jersey, New York, California, Vermont and Rhode Island.