Big Five: What are the states with the lowest taxes?

Big Five: What are the states with the lowest taxes?

February 5th, 2013 by Wire Service and Dave Flessner in Business Around the Region

The states with the lowest average state and local tax burdens, as a share of income, are:

1. Alaska, 7 percent

2. South Dakota, 7.6 percent

3. Tennessee, 7.7 percent

4. Louisiana, 7.8 percent

5. Wyoming, 7.8 percent

Alabama is eighth-lowest with average combined state and local taxes of 8.2 percent. Georgia is 18th lowest with an average combined rate of 9 percent.

Source: Tax Foundation. "State and Local Tax Burdens: All States, One Year, 1977 - 2010"