SECTION FIVE: REPRESENTATIVE BUSINESS TAXPAYERS

The term "representative business taxpayer" has proven to be a difficult concept to define. We had a great deal of information regarding the types of businesses that operate in, and are important to, the Vermont economy. [ See Volume II, Appendix page 37 .] However, information on the size of these businesses has been much more difficult to obtain. Therefore, rather than attempt to say that these cas es represent an "average" or "typical" business in each category, we present the 10 cases included in this report as representative of some of the businesses in Vermont. Detailed financial information for each corporate case is included in the Appendix to Volume II.

In selecting business case studies, we attempted to represent the sectors of Vermont’s economy which include the most number of businesses and the most number of jobs. We used the Annual Report of the Department of Employment and Training as a reference.

We recognize that businesses are subject to many different taxes and fees. However, because of the limited scope of this study, we have assessed only the corporate income tax. The additional liability resulting from filing fees, license fees, sales taxes, etc., is a subject for future study.

Key Findings:

Income Tax on Corporations

Industry

Agriculture


Construction


Transportation


Manufacturing



Tax ($)

Rank

Tax ($)

Rank

Tax ($)

Rank

Tax ($)

Rank

State









Connecticut

250

4

953

2

4,738

1

1,083

4

Florida

10

10

466

10

2,316

11

530

10

Maine

6

11

297

12

2,232

12

337

12

Massachusetts

456

2

871

5

4,292

4

915

6

Minnesota

118

6

930

3

4,427

3

944

5

New Hampshire

14

8

635

8

3,158

8

722

8

New York

286

3

678

6

3,369

6

1,151

3

North Carolina

674

1

903

4

4,199

5

1,198

2

Oregon

12

9

559

9

2,779

10

636

9

Vermont

150

5

466

11

2,858

9

530

11

Washington

0

12

1,555

1

4,540

2

2,348

1

Wisconsin

14

7

669

7

3,327

7

761

7

Income Tax on Corporations

Industry

Wholesale


Retail - General


Retail - Eating & Drinking



Tax ($)

Rank

Tax ($)

Rank

Tax ($)

Rank

State







Connecticut

7,087

2

863

3

713

6

Florida

3,465

12

422

10

690

7

Maine

3,888

11

268

12

222

12

Massachusetts

6,708

3

1,051

2

990

2

Minnesota

6,474

4

852

4

721

5

New Hampshire

4,725

8

575

8

475

9

New York

5,040

6

614

6

765

3

North Carolina

5,859

5

786

5

737

4

Oregon

4,158

10

506

9

418

10

Vermont

4,466

9

422

11

349

11

Washington

15,246

1

2,345

1

2,792

1

Wisconsin

4,977

7

606

7

501

8

Income Tax on Corporations

Industry

Services-Hotel & Lodges


Services - Business & Personal


Services - Amusement & Recreation



Tax ($)

Rank

Tax ($)

Rank

Tax ($)

Rank

State







Connecticut

306

4

1,892

3

1,333

4

Florida

0

8

925

11

652

11

Maine

0

9

589

12

415

12

Massachusetts

456

3

2,004

2

1,126

6

Minnesota

300

5

1,748

4

1,262

5

New Hampshire

0

10

1,261

8

889

8

New York

176

6

1,345

6

1,375

3

North Carolina

1,448

2

1,552

5

1,486

2

Oregon

0

11

1,110

9

782

9

Vermont

150

7

1,000

10

672

10

Washington

3,290

1

8,208

1

2,180

1

Wisconsin

0

12

1,329

7

936

7