Florida ranks 2nd best on unemployment insurances taxes

Florida finished second in a new study by the Tax Foundation ranking of which states have the most business-friendly unemployment insurance tax structures.

The state’s ranking VARIABLE 4 from its 2018 ranking, according to the foundation’s analysis, which is part of a wider study titled “2019 State Business Tax Climate Index.”

All states and the District of Columbia have unemployment insurance tax systems, which are federal-state programs that fund benefits to newly laid-off workers. Levies on employers fund the systems.

In the foundation’s analysis, those state tax systems that have low minimum and maximum rates, stick closely to the federal taxable pay levels, and don’t impose more surtaxes or additional benefits were rated the highest.

The Tax Foundation study rated the District of Columbia, but its ranking and score are separate from the 50 states.

How Do States Measure Up on Unemployment Insurances Taxes?

State 2018 Rank 2019 Rank Rank Change from 2018 to 2019
Oklahoma 1 1 0
Florida 2 2 0
Delaware 3 3 0
Louisiana 4 4 0
Mississippi 5 5 0
Ohio 8 6 2
North Carolina 6 7 -1
Missouri 7 8 -1
Nebraska 9 9 0
New Mexico 16 10 6
Indiana 10 11 -1
Alabama 11 12 -1
Arizona 15 13 2
North Dakota 14 14 0
Kansas 12 15 -3
Utah 21 16 5
California 13 17 -4
Texas 26 18 8
Washington 17 19 -2
Vermont 18 20 -2
Montana 20 21 -1
Tennessee 22 22 0
Connecticut 19 23 -4
Maine 44 24 20
Minnesota 37 25 12
Hawaii 27 26 1
South Carolina 29 27 2
Maryland 24 28 -4
Rhode Island 23 29 -6
West Virginia 28 30 -2
New York 30 31 -1
New Jersey 36 32 4
Iowa 34 33 1
District of Columbia 30 33 -3
Arkansas 32 34 -2
Alaska 25 35 -10
Wyoming 33 36 -3
Oregon 31 37 -6
Georgia 38 38 0
South Dakota 39 39 0
Colorado 35 40 -5
Wisconsin 40 41 -1
Illinois 42 42 0
Virginia 41 43 -2
New Hampshire 43 44 -1
Nevada 45 45 0
Pennsylvania 50 46 4
Kentucky 47 47 0
Idaho 46 48 -2
Michigan 48 49 -1
Massachusetts 49 50 -1

Source: Tax Foundation

This article was first published on Watchdog.org.

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