A competitive tax rate.
Through tax incentives, deferrals, credits and offsets targeted to specific high growth industries, Washington State offers highly successful businesses a competitive advantage few states can offer.
The Tax Foundation has ranked Washington State #6 nationwide as the Best Business Tax Climate and MoneyRates.com ranked Washington as the Best Place to Make a Living, based on income taxes, cost of living, unemployment rates and workplace environment.
The state’s overall taxation is relatively low compared to other states:
|Unemployment Insurance||.17 – 5.84%||0 – 15.09%|
|Worker’s Comp Index Rate||2.11%||1.01 – 3.01%|
|Corporate Income Tax||0||15 – 35%|
|Sales Tax||6.5%||0 – 7.5%|
|Average Property Tax (as % of income)||2.91%|
For more information on investment opportunities in Washington State, contact a member of our Business Development team.