Nevada No. 4 for Business Tax Climate

By
Real Estate Agent with RE/MAX 4000

 

The Tax Foundation, a nonprofit and nonpartisan tax research group in Washington, D.C. has released its latest edition of the State Business Tax Climate Index, which ranks the tax systems of the 50 states.

Nevada came in at Number 4, which means the state had the fourth-best tax climate on the first day of the 2011 fiscal year, or July 1, 2010.

South Dakota's tax system was ranked first, making it the most welcoming to economic activity, and was followed by Alaska and Wyoming at second and third.

The goal of the index is to focus lawmakers' attention on tax fundamentals.

Absence of a major tax is a dominant factor in vaulting states to the top 10, the report stated.

Because Nevada has no corporate or individual income tax, it consistently performs well in the ranking.  The state was No. 4 for FY 2010 and No. 3 for FY 2009.

Among individual components considered for the State Business Tax Climate Index, Nevada ranked third for corporate tax index rate, sixth for individual income tax rate, 43rd for sales tax index rate, 40th for unemployment insurance tax index rate and 17th for property tax index rate.

Posted by

Sandra Mathewson

CRS ABR GRI SFR CDPE

RE/MAX 4000 Inc.

call or text (970) 261-1686

I am Sandra Mathewson, a full-time Realtor working both as a listing agent and a buyer's agent. I love using the internet to meet people and keep in touch with friends and clients. I write this blog to show you why Grand Junction, Fruita, Palisade and surrounding real estate is truly something to be desired.

Visit my GrandJunctionHomesGuide.com website if you are considering buying or selling. You will find it as your best online source of information. How is the market doing? I'll keep you posted with the most current MLS reports. You can also search for homes for sale in Grand Junction (including Fruita, Palisade and surrounding areas). Read about the communities, events and things to do in this great Grand Junction, Colorado Lifestyle.

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