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Most & Least Taxing States 2012

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

Photograph by Getty Images

Company Symbol % Change
48 of 53

Washington

Income tax: None
State sales tax: 6.5%
Property tax per capita: $1,199
Inheritance tax: None
Estate tax: 10% to 19% with $2 million exemption

Washington may be a good place to make millions, though it may not be the best place to die with them. It taxes neither income nor capital gains and does not levy a net corporate income tax. Washington does, however, maintain a high estate tax on multimillionaires. And getting around the state can be costly -- it has the highest gas tax in the country, at 37.5 cents per gallon. Its combined state and local sales tax rate of 8.8 percent is fourth-highest among the states.

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