If you’re an entrepreneur ready to start a new business, you’ve probably wondered where the best place to begin operations is. According to a study conducted in 2017 by Fundera, there are quite some differences between states’ taxes and how those manage to influence the business’s climate. Their team carefully looked at and analyzed state by state tax burdens in order to find out which states are costing entrepreneurs the most.

Ben Johnson, the Content Marketing Manager, wrote: “Tax burden is an important measure for small business owners — it shows what percentage of their income they are spending on taxes rather than reinvesting in their own companies.”

"So to calculate how much the average small business owner pays in taxes, we were able to look exclusively at individual taxes rather than business taxes,” wrote Johnson.

 

These top 10 states only reflect the situation when it comes to the average entrepreneur. So let’s dive in and find out what this study revealed: