Most & Least Taxing States 2012

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

Photograph by Getty Images

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Nevada

Income tax: None
State sales tax: 6.85%
Property tax per capita: $1,241
Inheritance tax: None
Estate tax: None

Nevada does not tax capital gains and has no net corporate income tax, according to Bloomberg BNA. The lack of income tax makes sales and property taxes crucial revenue generators. Nevada temporarily increased the sales tax, from 6.5 percent to 6.85 percent, in 2009 and lawmakers voted in June 2011 to extend the increase to 2013. Governor Brian Sandoval indicated that he supports extending the tax increase again to avoid budget cuts.

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