Wednesday, March 9, 2011

State-Local Tax Burdens on NV Residents Decline!

The Tax Foundation, an organization dedicated to educate taxpayers on the tax burden each state's residents bear as a percent of their income, released their newest report in February. It is good to see Nevada has maintained it's competitive advantage compared to the U.S. average. 


One of the attractive attributes that draws people and businesses to Nevada is its low state and local taxes. Since 1977, Nevada has always been one of the top five states which provides the lowest tax burden to its taxpayers. We welcome the news that in 2009 Nevada's state and local tax burden ranking improved to become the 2nd lowest among the fifty states--beaten only by Alaska! (but it is a little colder there!)

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