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(Taxable Income = $1,000,000; Employees = 100)
|
Total State Business Taxes | Business Income Tax |
|---|---|---|
| Indiana | $151,136 |
$85,000 |
| Illinois | $250,746 |
$73,000 |
| Iowa | $212,453 |
$120,000 |
| Kentucky | $232,405 |
$100,000 |
| Michigan | $168,927 |
$49,500 |
| Minnesota | $266,435 |
$98,000 |
| Missouri | $191,070 |
$62,500 |
| Ohio | $162,303 |
$85,000 |
| Wisconsin | $200,932 |
$79,000 |
Source: IEDC, 2010
(Taxable Income = $1,000,000; Employees = 100)
| WC Premium | WC Rate | Unemp. Insurance | |
|---|---|---|---|
| Indiana | $47,236 | $1.23 | $18,900 |
| Illinois | $135,926 | $2.79 | $41,820 |
| Iowa | $68,753 | $1.86 | $23,700 |
| Kentucky | $110,805 | $2.96 | $21,600 |
| Michigan | $95,127 | $2.15 | $24,300 |
| Minnesota | $106,775 | $2.33 | $61,360 |
| Missouri | $88,695 | $2.20 | $43,875 |
| Ohio | $135,403 | $3.32 | $24,300 |
| Wisconsin | $82,932 | $2.12 | $39,000 |
Source: IEDC, 2010