Most & Least Taxing States 2012

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

Photograph by Getty Images

Company Symbol % Change
18 of 53

Kentucky

Income tax: 6%
State sales tax: 6%
Property tax per capita: $651
Inheritance tax: See note*
Estate tax: None*

State revenues increased by nearly 4 percent over the same period in 2011, Kentucky's Office of State Budget Director reported.Retirees like the fact that the state exempts up to $41,110 of income from most pensions. And those who are delinquent on their taxes may be happy if the Kentucky legislature goes ahead with a tax amnesty program it is considering for next year.

* Spouse and lineal-descendant and sibling transfer is tax-free; aunts, uncles, nieces, nephews, and child in-law transfer is taxed at 4 percent to 16 percent; all other transfers taxed at 6 percent to 16 percent.

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