Save Shopping Taxes – Visit Tax Havens of the United States
Are there any territories or states where taxes are levied? How wonderful it’ll be to shop and live there without paying any taxes at all. Wow, that sounds really interesting! Do you know that there are indeed few states in US, where you don’t have to pay any income taxes and shopping taxes? Read few interesting facts of few such states:
In few American states, you don’t have to pay the sales taxes, value added taxes, goods and services taxes, consumption taxes, income taxes, corporate taxes, etc. Here is the list –
Florida:
Florida is a home to many banks and business incorporations. In Florida you will have
- No personal income tax
- No state-level ad valorem taxes
- No inventory tax
- No tax on foreign source dividends
- No sales tax on food, medicine, or most services
- No corporate franchise tax on capital stock
Delaware:
Delaware is free from all sorts of taxes excluding those on cars and homes (even that is very less). This is a well developed business friendly state which has lowest costs and least disclosures requirement. It has no state income taxes. The businesses are not bound to keep their records for their businesses.
Nevada:
Nevada is the world’s gambling capital and one of the fastest growing states of US with rapid population growth. This state has created a business friendly environment for small and medium businesses. It provides great advantages for the economy and the taxes in US. Nevada has no personal income taxes as well as corporate taxes. Furthermore, this is the only state in US that has rejected the information sharing agreement with the IRS (US Federal Tax Agency).