Most & Least Taxing States 2012

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

Photograph by Getty Images

Company Symbol % Change
47 of 53


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.