Why Nevada is Good for High-Earners

It’s no secret that taxes continue to go up. Income taxes, gas taxes, corporate taxes, property taxes, sales taxes are all heading higher. Some states now tax your afternoon soda binge. The burden is even larger for high-earners. These top producers are seeing over 50% of their income just paying for federal and state income tax. It’s no surprise that these high-earners are leaving tax-and-spend states in droves. As these high-earners flee the high tax states, a large percentage of them are heading to Nevada. The latest US Census reports that Las Vegas was ranked #1 for population growth, as discussed in this blog post by Las Vegas real estate agent and SetSchedule member Dale Ouellette. Nevada has a pro-business attitude and laws and policies reflect this. As a result, a flood of new and relocating businesses have arrived in Nevada, creating a growing and stable economy and propelling employment opportunities. High-earners and business owners find that the tax savings and pro-business laws in Nevada are significant, including: • No Personal Income Tax • No Personal Capital Gains Tax • No Corporate Income Tax • No Inheritance or Estate Tax • No Gift Tax • No Franchise Tax • No Taxes on Corporate shares • Competitive Sales and Property Tax Rates, one of the 10 lowest in the country. This influx of high-quality jobs and employees have propelled the Nevada economy, and the increased development of both commercial and residential properties is attracting more high-earners to the state. CNBC states that by the end of 2016, there was a record 10.8 million millionaires nationwide. They suggest that millionaires have become the new “middle class.” This increased individual wealth has made tax-friendly states like Nevada even more attractive. Add to the tax savings a mild year around climate, beautiful natural beauty and vibrant cities and Nevada offers residents an unparalleled quality of life. While you still pay tax when you sell a house in Nevada, the tax rates certainly aren't what they would be in certain more populated states. As more states continue to employ tax-and-spend public policies, Nevada will continue to see an increase in high-earner residents. Contributed by Caitlin Coakley Beckner ------------------- SetSchedule has changed the way real estate marketing is viewed, by changing the way REALTORS® access clients and listing appointments. SetSchedule is a “first of its’ kind” exclusive membership based model that provides verified appointments, marketing tools, and elite invite-only networking events for its members. By blending new technologies, and thought processes with proven success methods SetSchedule had incurred record producing results unseen in the industry.