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Which states have the lowest tax rate?

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Quick Answer

As of 2014, the states with the lowest overall tax rates include Delaware, Wyoming and Louisiana, according to Kiplinger. Other states with low tax rates are Mississippi, Alabama, Arizona, Nevada and New Mexico.

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Delaware has an income tax that ranges form 2.2 to 6.6 percent and does not levy sales tax on consumers, notes Kiplinger. The state also levies low taxes on corporations. In Wyoming, residents pay no state income tax and only 4 percent sales tax. There is no sales tax on such things as home consumption food and prescription drugs. In Louisiana, the state income tax ranges from 2 to 6 percent. The sales tax 4 percent, but local parishes and jurisdictions can add their own sales tax, which can increase the overall sales tax to 10.75 percent.

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