Most & Least Taxing States: 2014

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

Company Symbol % Change
5 of 56

 

Alaska gets significant income from corporate taxes, mostly from the oil-and-gas industry. The state collects high revenue per person -- $19,686 in 2012, according to the Tax Foundation -- without collecting income, state sales tax or inheritance tax. Alaska's average local sales tax rate is 1.69 percent.

Property taxes, however, at $2,076 per person, are relatively high. And while a full day on a fishing boat or oil rig will likely put many of the state’s residents in the mood for a cold one, Alaska’s beer excise tax is the second-highest in the nation, at $1.07 per gallon.

Advertisement