Most & Least Taxing States 2013

By Rebecca Helmes of Bloomberg BNA - 2013-04-19T17:41:14Z

Photograph by J.G. Domke/Bloomberg

Company Symbol % Change
44 of 54

Texas

Sales tax: 6.25%
Property tax per capita: $1,562

Texas can afford not to levy income tax on individuals or corporations partly because it earns so much revenue from its tax on natural resources taken from the ground. Oil and gas drilling contributed more than $3.6 billion in 2012 revenue, up from $2.6 billion in 2011. Texas gives a lot back in aid to corporations, with incentive giveaways coming in at around $19 billion per year. Texas is one of four states with a legislature that meets every other year; its legislature is in session in 2013.

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