Nevada Tax Advantages
The best state in the country overall for business is Nevada as quoted in California Business magazine. The magazine published the results of a 50 state survey which showed the pastures really are "greener on the other side of the state line."
Here are some simple tax facts. In Nevada, there are fewer taxes and a lower tax burden than in most other states. That's why Nevada is on every list of the top tax havens. Money Magazine has ranked Nevada as one of the states with the lowest tax bill and California Business magazine rated Nevada as best overall for business based on a review of several factors including a low tax burden. In Nevada, there is:
- No franchise tax
- No corporate income tax
- No personal income tax
- No capital stock tax
- No stock transfer fee or tax
- No tax on corporation shares
- No succession tax
- No inheritance, estate or gift tax
- No unitary tax
- No special intangible tax
- No chain store tax
- No admissions tax
- No inventory tax
How much could you save by incorporating? Pro-business Nevada, unlike most every state in this country, has taken a stand AGAINST taxation of the income of its citizens! See Nevada Corporate Tax Savings
A research team from California Business collected information on all 50 states. They brought together government statistics and private research reports and compared special interest data bases. Twenty different measures of state social, economic and business health were chosen as being of primary importance. Nevada was chosen largely because of its pro-business attitude. The study ranks Nevada high in the following areas:
- Overall business climate
- Lowest corporate profits tax
- Best overall economy
- Population growth
- Employment growth
- Lowest combined major state and local tax
- Number of new companies per 10,000 workers
- Gross state product (GSP) growth
- Number of environmental policy initiative in place
All of this goes to show that a move to Nevada is a move to the greener pastures of a top-ranked business climate.
