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Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Amazon began collecting Indiana’s 7 percent sales tax on Hoosiers’ purchases on its site this January. Indiana was originally supposed to phase out its inheritance tax over 10 years beginning in 2013, but instead the state repealed the tax for people dying after Dec. 31, 2012. In coming years businesses could pay less in taxes, too. Governor Mike Pence signed legislation in March that includes a provision that will gradually reduce corporate income taxes in Indiana to 4.9 percent in 2023. Indiana’s current corporate income tax rate is 7.5 percent, but that is scheduled to decrease on July 1 to 7 percent.

*Flat rate


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