NEVADA TAX ADVANTAGES

Nevada Tax Advantages 2018-01-22T17:20:59+00:00

NEVADA TAX ADVANTAGES

According to this year’s Index, “the absence of a major tax is a common factor among many of the top ten states.” there are several 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:

1.  Wyoming
2.  South Dakota
3.  Alaska
4.  Florida
5.  Nevada
6.  Montana
7.  New Hampshire
8.  Utah
9.  Indiana
10.  Oregon

The 10 lowest ranked, or worst,
states in this year’s Index are:

41. Rhode Island
42. Louisiana
43. Maryland
44. Connecticut
45. Ohio
46. Minnesota
47. Vermont
48. California
49. New York
50. New Jersey

Reasons to consider Nevada for a home or business:

No personal income tax
No corporate income tax
No gross receipts tax
No franchise tax
No 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
Simple annual requirements
Protection for Directors and Officers
No initial or minimum capital requirements
Anonymity of owners-total Privacy
Low property taxes
Business friendly environment

Walczak, J., Drenkard, S., & Bishop-Henchman, J. (2017, October 17). 2018 State Business Tax Climate Index. Retrieved January 16, 2018, from https://taxfoundation.org/state-business-tax-climate-index-2018/