Florida
Residents of the Sunshine State don’t pay individual income taxes and they enjoy one of the lowest maximum income tax rates in the country, at 5.4 percent. (Compare that to states like New Mexico, Oregon and Nevada, with the highest at 13.5 percent.) Florida came in at number five: Despite the generous tax climate for individuals, companies in Florida are required to pay an alternative minimum tax, which mirrors the federal AMT and ensures that all businesses pay the same minimum level of taxes each year.
