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 Getty Images

Company Symbol % Change
47 of 53

Virginia

Income tax: 5.75%
State sales tax:* 5% (4% state, 1% local)
Property tax per capita: $1,362
Inheritance tax: None
Estate tax:* None

Virginia heads into 2012 with a major shortfall in transportation funding. Governor Robert McDonnell has rejected the idea of indexing the state's gas tax to inflation, even though the levy has not been raised since 1986. The governor's latest plan: fund the highway system by selling naming rights to portions of the state's roadways.

*The Tax Foundation includes a "separate, uniform, 'local' add-on tax" in the state rate.

Advertisement