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Most & Least Taxing States 2012

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

Photograph by Getty Images

Company Symbol % Change
42 of 53

South Dakota

Income tax: None
State sales tax: 4%
Property tax per capita: $1,072
Inheritance tax: None
Estate tax: None

Investors in South Dakota are happy to hold on to their capital gains. With taxes low in a sparsely populated state, South Dakota collected less state tax than any other -- $1.3 billion in 2010, according to U.S. Census data. The state is one of seven that do not offer a sales tax break on purchases of groceries, according to Bloomberg BNA. Its combined state and local sales tax of 5.39 percent is among the lowest of the states.

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