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What is Impact of State Taxes on Entrepreneurship about?

This document summarizes a research paper that examines the effects of state corporate, personal, and sales tax rates on entrepreneurship and new firm activity using county-level data on startups. The authors find that increases in corporate tax rates have a statistically significant negative effect on employment among startup firms, with employment declining 3.7% for every 1 percentage point increase in corporate tax rates. Personal and sales tax rates do not have statistically significant effects on start

Author

TBP_Think_Tank

Language

EN