We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Attributes helping Colorado get to No. 9 were no death tax, fairly low corporate income and capital gains taxes, low consumption-based taxes, low unemployment taxes and low workers’ compensation costs.
Elements working against Colorado were the imposition of individual alternative tax, high property taxes, high number of health insurance mandates and a high minimum wage.
South Dakota was ranked as the most favorable state, while California was the least-favorable.