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Thursday, August 05, 2004

Doing business in Vegas and in Nevada

Let's give a look at some numbers and facts about doing business here, so you can decide on your own where it's better to run your business! :-)

Verbatim from Nevada Commission on Economic Development:

"In Nevada there is:

No Corporate Income Tax
No Personal Income Tax
No Franchise Tax on Income
No Inheritance or Gift Tax
No Admissions Tax
No Unitary Tax
No Estate Tax*
Competitive Sales and Property Tax Rates
Minimal Employer Payroll Tax - 0.7% of gross wages with deductions for employer paid health insurance

(* A small assessed "pick-up tax" that cannot exceed the maximum allowable credit against the federal estate return.)"

AND here we go with some cool graphs from Nevada Development Authority