Most & Least Taxing States 2012

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

Photograph by Getty Images

Company Symbol % Change
25 of 53

Mississippi

Income tax: 5%
State sales tax: 7%
Property tax per capita: $785
Inheritance tax: None
Estate tax: None

Savers will be gratified to know that Mississippi exempts all IRAs from income tax. The change made Mississippi one of four states to allow citizens to contribute to retirement accounts without paying state income tax on the money. Mississippi has no inheritance or estate tax.

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