Study ranks New Jersey as worst state for being taxed as small business owner
The ranking from Simplify LCC is a result of the state’s high property and sales taxes.
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Aug 28, 2023, 10:20 PM
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Updated 485 days ago
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2h agoA new study ranked New Jersey as the worst state for being taxed as a small business owner.
The ranking from Simplify LCC is a result of the state’s high property and sales taxes. The study states that only around half of the small businesses in New Jersey survive past five years.
Simplify LCC says in order for a business to make it, owners must take advantage of deductions, credits and structure the business properly.
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