According to this year’s Tax Index, Nevada is one of the states that do without one or more of the major taxes: the corporate income tax, the individual income tax, or the sales tax. Wyoming, Nevada, and South Dakota have no corporate or individual income tax making them desirable places to own property.
The 10 best states in this year’s Index are:
2. South Dakota
7. New Hampshire
The 10 lowest ranked, or worst,
states in this year’s Index are:
41. Rhode Island
49. New York
50. New Jersey
There are many reasons to consider Nevada for a home or business:
- There is no personal income tax
- There is no corporate income tax
- No gross receipts tax
- No franchise or inventory tax
- No tax on issuance of corporate shares
- No requirements of shareholders & directors to live in Nevada
- No tax on sale or transfer of shares
- No succession or inheritance with IRS
- No sharing of information with IRS
- No initial or minimum capital requirements
- Low property taxes
- Very Business friendly environment
If you have a business or looking to start one, NOW is the perfect time to consider Nevada and Las Vegas as your new home.
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
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