What do they mean by “Tax Free” in Las Vegas?


Posted February 21st, 2009 by admin 6 Comments »
las vegas
Paul N asked:


I’m planning on buying real estate in Las Vegas and alot of people who lived or has lived in Las Vegas said they are TAX FRREE or have low taxes? What does that mean?

Relocating a business to Las Vegas to save on tax?


Posted February 2nd, 2009 by admin 1 Comment »
las vegas
Tony C asked:


I have a couuple questions:

1. If Joe has a business grossing $300,000 yearly located in Massachusetts, and that business would have the same gross when relocated anywhere else, then is it wise to relocate the business to Las Vegas, since the state of Nevada has the lowest tax rate in the nation?

2. If so, then when would be the latest time he could relocate and avoid Massachusetts tax? (for example, if he relocates the business by March, then does he pay tax for Massachusetts for 3 months, and Nevada tax for 9 months, or will he be able to avoid Massachusetts tax entirely and only pay Nevada taxes?)

If I telecommute from Las Vegas to my Employer in California, do I have to pay CA state income tax?


Posted February 1st, 2009 by admin 3 Comments »
las vegas
vegaspenguin asked:


I will be moving to Las Vegas but will continue to work for my employer in CA remotely, programming. Do I have to continue paying california state income tax?