Most & Least Taxing States 2012

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

Photograph by Andrew Harrer/Bloomberg

Company Symbol % Change
49 of 53

Washington, D.C.

Income tax: 8.5%
State sales tax: 6%
Property tax per capita: $2,938
Inheritance tax: None
Estate tax: 0.8% to 16% with a $1 million exemption

A top income tax rate of 8.95 percent will apply to taxpayers with income over $350,000 from tax years 2012 through 2015. Were Washington, D.C., a state, it would rank as the one with the highest amount of debt, highest property tax per capita and highest income per capita, according to the Tax Foundation. It might be a poor idea to try to drink any problems away: The nation's capital raised the sales tax on off-premise alcoholic beverages to 10 percent on July 1, 2011.

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