Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Most & Least Taxing States 2012

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

Photograph by Getty Images

Company Symbol % Change
36 of 53

Ohio

Income tax: 5.925%
State sales tax: 5.5%
Property tax per capita: $1,178
Inheritance tax: None
Estate tax: 6% to 7% with a $338,333 exemption

Looking to capitalize on natural gas liquids situated below shale formations in the state, Ohio Governor John Kasich proposed a plan to use the nearly $1 billion the state expects from gas taxes to pay for a personal income tax cut. Ohio will soon be more attractive to retirees who want to pass money to heirs; repeal of the state estate tax takes effect in 2013. The state is offering amnesty to taxpayers who pay delinquent tax debts between May 1 and June 15. Penalties and 50 percent of interest will be waived on debts paid.

Advertisement