LyfeAccounting

JUNE 25, 2021

US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? You can pay absolutely nothing in state taxes, just by packing up your bags and moving to a tax-free state. What are State Taxes? Top 10 States With The Highest Income.

income tax 52

income tax South Dakota Tax Alaska 52

LyfeAccounting

JULY 14, 2021

Texans pay 1.80%, on average in property taxes. That’s 3x the amount you’d pay in Tennessee. Well, although Texas has one of the highest property taxes in the country, it has one of the lowest income taxes. Like we said earlier, taxes may not always be a bad thing. So what’s going on? Illinois.

Rhode Island 52

Rhode Island New Hampshire Vermont Wisconsin 52

LyfeAccounting

FEBRUARY 9, 2021

Note, that’s $9,180 more income, even after you take out Federal and State income taxes. In short, S-Corps can greatly reduce your self-employment tax obligation by only paying self-employment tax based on your salary and not on the total business income. Tax Benefits #2: Pass-through Taxation.

Tax 52

Tax audit New Hampshire income tax 52