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Most & Least Taxing States 2013

By Rebecca Helmes of Bloomberg BNA - 2013-04-19T17:41:14Z

Photograph by Getty Images

Company Symbol % Change
18 of 54

Kentucky

Top income tax rate: 6%
Sales tax: 6%
Property tax per capita: $684
Inheritance tax: See note*

Retirees like the fact that the state exempts up to $41,110 of income from most pensions. Kentucky’s Tax Amnesty program in 2012 was a success, bringing in an estimated $56.9 million and making more than 27,000 delinquent taxpayers tax-compliant.

*Spouse, parent, 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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