Missouri ranks 7th on unemployment insurance taxes
(The Center Square) – Missouri finished seventh in a new study by the Tax Foundation that ranked which of the 50 states have the most business-friendly unemployment insurance tax structures.
The state’s ranking reflected a gain of two positions from its 2020 ranking, according to the foundation’s analysis, which is part of a wider study titled “2021 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 unemployed 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 ($7,000 in base pay), 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.
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Which States Have the Highest Unemployment Insurance Taxes?
State2021 Rank(1 Is Highest)Change from 2020 to 20212020 Rank2019 Rank2018 RankAlabama144181211Alaska451463525Arizona8-261315Arkansas230233432California211221713Colorado412434035Connecticut22-1212319Delaware30333Florida20222Georgia390393838Hawaii253282627Idaho480484846Illinois43-3404242Indiana27-2251110Iowa37-2353334Kansas131141512Kentucky490494747Louisiana40444Maine33-1322444Maryland34-1332824Massachusetts500505049Michigan18-1174948Minnesota322342537Mississippi50555Missouri72987Montana200202120Nebraska1101199Nevada470474545New Hampshire441454443New Jersey31-1303236New Mexico9-181016New York380383130North Carolina1001076North Dakota121131414Ohio61768Oklahoma10111Oregon360363731Pennsylvania402424650Rhode Island301312923South Carolina242262729South Dakota422443939Tennessee26-2242222Texas16-4121826Utah17-2151621Vermont151162018Virginia46-5414341Washington190191917West Virginia281293028Wisconsin352374140Wyoming29-2273633District of Columbia37-2353330
Source: Tax Foundation
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