THE 4 BEST STATES FOR TAXES THESE YEAR

THE 4 BEST STATES FOR TAXES THESE YEAR

When it comes to states many people tend to not pick them based on tax rates and, as a result, end up missing out on several benefits. The process of calculating states that have the lowest taxes is not an easy job due to the fact that there is a variety state tax structures and for that reason we will base our article on the Tax foundation which calculates on a yearly basis a state ranking based on a list of various taxes which are usually paid by business owners, as well as residents.
1. Texas
Due to its lack of a state income Florida has positioned itself as one of the best states for taxes this year. That said it’s good to note that state does not receive a perfect score when it comes to income tax due to that fact that it levies gross receipts taxes on S corporations as well as LLCs which are usually taxed at individual levels.
2. Utah
This state has low rates when it comes to sales and property taxes. It is also good to note that Utah levies all major tax types. One aspect which has made the state standout is its low rates of corporate and individual income tax.
3. Indiana
Despite it levying all major taxes Indiana makes it into our list due to the fact that it has a low per capita income tax as well as property tax if compared to other states. In addition to that the states income tax is set to fall to 3.23% by 2017.
4. Montana
Residents who reside in Montana benefit from no sales tax. In addition to that this state has an income tax bracket of 6.9% and a corporate rate of 6.75%.

 

Hot NewsGET THE HOTTEST

A Solution To Growing Needs Of Customers

A Solution To Growing Needs Of Customers

E-commerce is the conduct of business using electronic means like the internet and mobile applications. It also involves transactions in money using the electronic medium. There is an online transaction processing. E commerce has come to mean a transaction between the business and individual…

CONTINUE READING

Filmmaking- All You Need to Know

Filmmaking- All You Need to Know

In this short article, we will give you a couple of pointers on the best way to film yourself a motion picture. Filmmaking is considered be one of the immense vocations that most energetic craftsman attempt to handle. Before you know it, you will have awesome gems taking off the film tapes. You must…

CONTINUE READING

Why Hire a Mobile Development App Company

Why Hire a Mobile Development App Company

Progressing with the technological development, a company has initiated towards creating beneficial applications with a meaningful process. The experts are skilled enough to deal with complex technicalities making way for smoother business operations.  Affordable app development services …

CONTINUE READING

Latest News FROM OUR DESK

Delta Cancels Flights Due to Computer System Outage

Delta Cancels Flights Due to Computer System Outage

Earlier this month, Delta Air Lines had to cancel or delay some of its flights due to a power outage which resulted in the shutdown of its computer systems worldwide. It took about 17 hours after the power outage for the airline to go back to its normal operations. As expected, the passengers went…

CONTINUE READING

Stocks tumble on Wall Street after Brexit vote

Stocks tumble on Wall Street after Brexit vote

Speculations and fear brought about by the Brexit vote on Friday have caused several calamities in the stock market. Global stock markets lost $2 billion on Friday, while the sterling pound dropped to a historical 31-year low. Money also poured into government loans and safe-haven gold. Gold prices…

CONTINUE READING

Oils sand returns to production after Fort McMurray fire

Oils sand returns to production after Fort McMurray fire

The oil-sand companies operating in northern Alberta are trying to restart production after the fire of Fort McMurray. The market is not anticipating a shortage of more than one or two million barrels of oil a day due to sudden failure of supply. Some of the manufactures could begin their production…

CONTINUE READING

Why is Obama visiting Argentina's President Macri?

Why is Obama visiting Argentina's President Macri?

The United States’ relationships with Latin American countries are as complicated as its individual histories with each and their respective cultures and attitudes towards America. This week, President Obama is scheduled to visit President Macri, the newly elected leader of Argentina after…

CONTINUE READING