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 J.G. Domke/Bloomberg

Company Symbol % Change
44 of 53

Texas

Income tax: None

State sales tax: 6.25%
Property tax per capita: $1,393
Inheritance tax: None
Estate tax: None

Texas can afford not to levy income tax on individuals or corporations, partly because it earns so much revenue from its severance tax on natural resources taken from the ground. Oil and gas drilling contributed $1.7 billion in 2010 (the most recent data available).

Advertisement