The Heritage Foundation’s “Insider Online” offers the following observation about the Tax Foundation’s latest State Business Tax Climate Index:

Wyoming has the best state tax business climate in the country, according to the Tax Foundation’s new 2012 State Business Tax Climate Index. The rest of the top 10 are South Dakota, Nevada, Alaska, Florida, New Hampshire, Washington, Montana, Texas, and Utah.

Seven of these top ten states do without one or more of the major types of taxes: individual income tax, corporate tax, or sales tax. The index authors note that this gives these states a major competitive advantage in attracting and keeping business. The bottom ten states are Iowa, Maryland, Wisconsin, North Carolina, Minnesota, Rhode Island, Vermont, California, New York, and New Jersey.

If North Carolina leaders want to move out of the bottom 10, perhaps they should address Roy Cordato’s idea of abolishing the corporate tax.