How to choose a state of jurisdiction in the USA at tax rates
This post has become a logical “continuation of the path” of the post “ Is it necessary to obtain a license from the National Bank of Ukraine to create a company abroad? ”.
Searches for information on tax rates in different US states showed the following.
')
If we take into account that C Corp is considered the classic form of incorporation, and Federal Tax , Income Tax and Sales Tax are typical taxes on the activities of these companies, then by matching the corresponding cards you can choose the optimal (for the ratio of these two taxes) jurisdiction for your company.
Delaware (DE) → Sales Tax = 0% & Income Tax = 6.95%
Nevada (NV) → Sales Tax = 7.93% & Income Tax = 0%
New York (NY) → Sales Tax = 8.48% & Income Tax = 8.97%
Details of the application of certain taxes in different states
Nb.
Federal Tax is paid in any state by the same method.
15% for the first $ 50,000 of taxable income,
25% for the next $ 25,000, and
34% - for everything else.
In addition, an income charge of $ 100,000 to $ 335,000 is set at 5%.
Federal Tax + Income Tax.
I may be wrong, I am not an expert in this matter, but judging by what I have already managed to read on this topic, the general approach is exactly this.
If someone owns the question better than me - welcome to the comments.
Income Tax
Sales tax
Property tax
Sources:
Pictures taken from here .
Also, I used some information from the HOWTO article : my own business in the USA from Russia (thanks mgremlin ).
As I wrote above, this post became a logical “continuation of the path” of the post “ Is it necessary to obtain a license from the National Bank of Ukraine to create a company abroad? ”.
Searches for information on tax rates in different US states showed the following.
')
If we take into account that C Corp is considered the classic form of incorporation, and Federal Tax , Income Tax and Sales Tax are typical taxes on the activities of these companies, then by matching the corresponding cards you can choose the optimal (for the ratio of these two taxes) jurisdiction for your company.
For example
Delaware (DE) → Sales Tax = 0% & Income Tax = 6.95%
Nevada (NV) → Sales Tax = 7.93% & Income Tax = 0%
New York (NY) → Sales Tax = 8.48% & Income Tax = 8.97%
Details of the application of certain taxes in different states
Nb.
Federal Tax is paid in any state by the same method.
15% for the first $ 50,000 of taxable income,
25% for the next $ 25,000, and
34% - for everything else.
In addition, an income charge of $ 100,000 to $ 335,000 is set at 5%.
That is, in the end, it turns out such a formula
Federal Tax + Income Tax.
I may be wrong, I am not an expert in this matter, but judging by what I have already managed to read on this topic, the general approach is exactly this.
If someone owns the question better than me - welcome to the comments.
Income Tax
Sales tax
Property tax
Sources:
Pictures taken from here .
Also, I used some information from the HOWTO article : my own business in the USA from Russia (thanks mgremlin ).
As I wrote above, this post became a logical “continuation of the path” of the post “ Is it necessary to obtain a license from the National Bank of Ukraine to create a company abroad? ”.
Source: https://habr.com/ru/post/284668/
All Articles