Analysts at the Anderson Economic Group have determined that, in 2015, just 6.3 percent of business profits went toward Oklahoma’s state and local taxes. It is the second year in a row that Oklahoma had the lowest tax burden, said senior consultant Jason Horwitz.
Instead of looking at one kind of taxes that businesses pay, like the corporate income tax, the report tallies 12 of them.
“I think that, a lot of times, different publications will choose to show the business tax burden based on their sometimes justified — but usually subjective — assessment about which types of taxes are better,” Horwitz said. “They might only base it on the overall rate and ignore the actual tax base, or they will weight certain taxes more than others or only include certain taxes.”