Most & Least Taxing States 2012

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

Photograph by Scott Dunn/Getty Images

Company Symbol % Change
9 of 53

Delaware

Income tax: 6.95%
State sales tax: None
Property tax per capita: $695
Inheritance tax: None
Estate tax: 0.8% to 16% with $5.12 million exemption

If you suspect you're owed funds from an unused gift card, check with Delaware. Unclaimed property laws require corporations to turn over forgotten funds to their state of incorporation when the owner's address can't be found. Because so many firms are incorporated in Delaware, it's entitled to hold on to a substantial sum of lost funds.

In 2011, the top income tax rate was lowered to 6.75 percent for 2012; it will drop to 5.95 percent for the 2014 tax year. This comes after Delaware's 2009 reenactment of the estate tax and hike of the income tax from 5.95 percent to 6.95 percent for those earning more than $60,000.

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