Individual tax rates are a flat 3.4% with only a $1,000 deduction for single taxpayers, or double that for couples, plus and extra $1,500 for dependents. Social security tax is exempt and there is no inheritance tax.
Corporations pay a flat 7.5%, and the annual filing fee for business entities is $20. Sales tax is 7%. More information on Indiana taxes can be found at: http://www.in.gov/dor/index.htm. Indiana business filing information is at:http://www.in.gov/sos/business/index.htm