A Rose by Any Other Name…

Recently Business Insider reported on a ranking of the climate for small businesses. Normally, this really wouldn't be worth mentioning, except that at least one of the factors noted that led to some states being highly rated is incorrect or at least not properly understood. The major factor that I'm thinking of is the Corporate Income Tax. Ohio and Texas were in the top 10 with corporate income taxes being listed at 0%. Yes, they don't technically have a corporate "income" tax, but they have other taxes that replace them for the states' purposes. Ohio has a commercial activity tax (CAT) and Texas has a margin tax for businesses. While these aren't "income" taxes, they can be more burdensome (from a compliance perspective) and still extract money from businesses like any income tax would. From a business perspective, what you call it is irrelevant.