Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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The “Live Free or Die” state doesn’t tax most types of income, other than a 5 percent tax on interest and dividend income. New Hampshire relies heavily on property taxes, getting more than 60 percent of its state and local tax collections from them, according to Tax Foundation data. 

New Hampshire may have a tough time following the lead of other states to capitalize on sales of recreational marijuana. In late March the state’s House of Representatives killed a bill that would have legalized small amounts of recreational marijuana for those 21 and up.

*On interest and dividend income, not wages