Las Vegas Nevada Income Tax Advantage

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. Just this year, Money magazine 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
  personal income tax
• No
  corporate income tax
• No
  inheritance, estate or gift tax
• No
  franchise tax
• No
  unitary tax
• No
  special intangible tax
• No
  chain store tax
• No
  admissions tax
• No
  inventory tax

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.” Tax Savings in Nevada can amount to over 30%
more spending income to you!

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