December 16, 2008

Providence Journal Cites State Business Tax Climate Index in Discussing Unemployment Insurance Tax

"State Funds for Jobless Benefits Drop"

By Neil Downing

A report issued in October by the nonprofit Tax Foundation said that Rhode Island, Massachusetts, Kentucky, Alaska and Michigan have the least favorable unemployment insurance taxes from an employer's standpoint—and Rhode Island ranks as the worst.

Among other things, "These states tend to have rate structures with high minimum and maximum rates and wage bases above the federal level," the report said.

[Read the full article here.]