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Comments about ‘Utah named one of the best tax climates for businesses by Tax Foundation’

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Published: Thursday, Oct. 18 2012 11:17 a.m. MDT

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Rifleman
Salt Lake City, Utah

This is one of the primary reasons why businesses fleeing California are coming here. The liberals may not like this good news and definitely not what Peter Cooke wanted to hear.

lket
Bluffdale, UT

thats because they tax the people so high.

Wolfgang57
Salt Lake City, UT

Yes, Utah is one of the top 10 per the Tax Foundation study referenced in the article. Everyone can understand why California is not in the top 10. However, Utah is #10 of the top 10. Nevada is #3. When California makes doing business difficult, companies move right next door to Nevada. Nevada is not only more business friendly, but it is closer than Utah to California. Logistically, Nevada is the better choice. It is also a better choice for people to live in than Utah because there is no income tax and no sales tax on food in Nevada. Lower income families spend a larger percentage of their income on food, so a sales tax on food is inherently a regressive tax. Go Nevada Wolf Pack!

lost in DC
West Jordan, UT

See also related article, Utah unemployment rate drops from 5.8% to 5.4%.

We also have a top credit rating, while CA's rating is A-, lowest of the 37 states rated (source CA treasurer's web page). CA's unemployment rate in August (latest I could find on the BLS webpage) was 10.6% and Nevada's was 12.1%.

Brave Sir Robin
San Diego, CA

@Wolfgang57

Yeah, everything about Nevada is great except that nobody wants to live there. Chances are that an executive thinking of relocating his business is not the type of person who wants to spend his Saturday nights shooting out the headlights on abandoned cars. He probably wants a place where the local theater scene is more than whatever over-21 sleaze is at the Riviera. He probably wants more outdoor activities than just riding an ATV over Martian landscapes.

While Nevada might be a financially attractive place to move a business, there are other aspects of Nevada that are equally unattractive. And the bad news is, those unattractive things aren't going anywhere.

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