Most & Least Taxing States: 2014

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

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The fictional home of “Breaking Bad” may not be the ideal place for service providers. New Mexico is one of a handful of states in which services are presumed to be subject to sales tax. It depends more on general sales tax than on other levies for its state and local tax revenue, and collects some of the lowest property taxes in the country, ranking 47th. It doesn't have an inheritance tax, and its gas tax is relatively low at 18.88 cents per gallon. Same-sex couples can file a joint state income tax return, because New Mexico recognizes same-sex marriage.

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