January 13, 2012 at 20:50How to choose a state of jurisdiction in the USA at tax rates
This post was a logical "continuation of the path" of the post " Is it mandatory to obtain a license from the National Bank of Ukraine to create a company abroad? "
Searches for information on tax rates in different states of the United States showed the following.
Given that the classic form of incorporation is considered C Corp , and the typical taxes on the activities of these companies are Federal Tax , Income Tax and Sales Tax , then by comparing the relevant cards you can choose the optimal jurisdiction for your company (in terms of the ratio of these two taxes).
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 of
NB.
Federal Tax is paid in any state using the same methodology.
15% for the first $ 50,000 of taxable income,
25% for the next $ 25,000, and
34% for everything else.
In addition, an additional fee of 5% is established for incomes ranging from $ 100,000 to $ 335,000.
Federal Tax + Income Tax.
I can be mistaken, I am not an expert in this matter, but judging by the fact that I have already managed to read on this topic, the general approach is just that.
If someone has a better question 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 business in the USA from Russia (thanks to mgremlin ).
As I wrote above, this post became a logical "continuation of the path" of the post " Is it mandatory to obtain a license from the National Bank of Ukraine to create a company abroad? "
Searches for information on tax rates in different states of the United States showed the following.
Given that the classic form of incorporation is considered C Corp , and the typical taxes on the activities of these companies are Federal Tax , Income Tax and Sales Tax , then by comparing the relevant cards you can choose the optimal jurisdiction for your company (in terms of the ratio of these two taxes).
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 of
NB.
Federal Tax is paid in any state using the same methodology.
15% for the first $ 50,000 of taxable income,
25% for the next $ 25,000, and
34% for everything else.
In addition, an additional fee of 5% is established for incomes ranging from $ 100,000 to $ 335,000.
That is, in the end, we get such a formula
Federal Tax + Income Tax.
I can be mistaken, I am not an expert in this matter, but judging by the fact that I have already managed to read on this topic, the general approach is just that.
If someone has a better question 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 business in the USA from Russia (thanks to mgremlin ).
As I wrote above, this post became a logical "continuation of the path" of the post " Is it mandatory to obtain a license from the National Bank of Ukraine to create a company abroad? "