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Most & Least Taxing States: 2014

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

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South Dakota's tax-friendly trust laws are among the reasons it is becoming a legal tax shelter for nonresidents, as wealthy families from outside the state finding ways to stash their assets here.

With no income tax, investors in South Dakota are happy to hold on to their capital gains. But shoppers have to shell out a little more in tax than in many other states, because it's one of seven states that don't offer a sales tax break on groceries.