Most & Least Taxing States 2012

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

Photograph by Bloomberg

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Income tax: None
State sales tax: None
Property tax per capita: $1,559
Inheritance tax: None
Estate tax: None

Alaska gets significant income from corporate taxes, mostly from the oil-and-gas industry. The state collects high revenue per person -- $7,145 in 2009, according to the Tax Foundation -- without collecting income, state sales tax or inheritance tax. Its local sales tax rate is 1.77 percent. Local investors don't pay state tax on capital gains because there is no income tax. However, at $1,559 per person, property taxes are relatively high.