Not sure how serious you are with the radioactive waste thing but I'll do the HN thing and bite (nerdsnipe!), because that's not going to work. You can't launch things into the sun, you need to decelerate objects. The earth travels at 30 km / s (70K MPH) around the sun, so you need to decelerate about that much the other way. And orbiting radioactive waste is just asking for trouble.
The total amount of radioactive waste on the earth is about the size of a swimming pool (or was that the total amount of gold? I forgot, either way in terms of quantity it's not that much), burying it deep and forgetting about it for the next 100.000 years is the way to go I think.