Most & Least Taxing States 2012

By Bloomberg BNA - 2012-04-13T16:45:59Z

Photograph by Stephen Wilkes

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Idaho

Income tax: 7.8%
State sales tax: 6%
Property tax per capita: $780
Inheritance tax: None
Estate tax: None

Idaho has mostly middling tax rates compared to the rest of the states. After cutting the budget in 2011, the state ended up with higher tax revenue than expected and finished the fiscal year with an $85.3 million surplus. Much of that will go to the state's public schools, and some $15 million will go toward raising the grocery tax credit.

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