Michigan had the 12th best overall business tax climate in 2018. Michigan’s tax climate is better than the average of both the “Top Ten” and peer states.

What It Is: Rankings are based on the overall tax index and component tax indices (corporate tax, individual income tax, sales tax, unemployment insurance tax, and property tax) (10=most favorable, 0= least favorable).

Why It Matters: These measures indicate how attractive a state might be to both businesses and individuals in terms of common tax burdens.

Note: Data for corporate and overall business tax climate rankings use different indices.

Overall Business Tax Climate Trends

Overall Business Tax Climate Standings

Source: The Tax Foundation (State Business Tax Climate Index)