Do states with no income tax save residents money?

no state taxes

A state might have no income tax, but it might make up for that through other taxes.

If you’re thinking about moving to a new location, it’s reasonable to seek out spots that might cost you less. Thus many people turn to states with no income tax. However, there’s more to the picture than income taxes.

 

 

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Nevada’s big bet on ‘shell’ secrecy

nevada

Nevada is a magnet for businesses seeking secrecy.

In Nevada, the business of registering businesses is booming and the consultants in this thriving industry, many who are former felons, are aiding companies in seeking to avoid liabilty and disclosure.  But many of these consultants are former felons.   All of this comes at a time when Washington is calling on other nations to enforce greater transparency of financial flows.

 

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Amazon staves off the tax man for another year

amazonboxsalestax

Safe for another year or so.

One of the cornerstones of Amazon’s business has been avoiding sales taxes; because their transactions are online, you don’t have to pay Uncle Sam with every purchase. And now, thanks to some maneuvering around a proposed California law, you’ll remain off the hook for another year…

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Top 25 CEO’s earned more than their company’s tax bills

top ceo's

The gap between CEO and average U.S. worker pay rose from a ratio of 263-to-1 in 2009 to 325-to-1 last year.

A report released Wednesday from the Institute for Policy Studies shows many large companies pay more to CEOs in compensation than they did in corporate income taxes to the federal government in 2010.

 

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Julian Assange Pledged to Reveal Confidential Tax Details of 2,000 Wealthy People

[youtube]http://www.youtube.com/watch?v=Iqvf0hXFQUg[/youtube]

Julian Assange, the WikiLeaks founder, today pledged to make public the confidential tax details of 2,000 wealthy and prominent individuals, after being passed the data by a Swiss banker who claims the information potentially reveals instances of money-laundering and large-scale illegal tax evasion.

 

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