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Tax-Free States? Pay No Income Tax in These 9 Tax-Friendly States!

LyfeAccounting

Number one on the list is Tennessee. According to UHaul, the state of Tennessee had the highest migration growth in the country in 2020. And take a look at this, Tennessee has no income tax on salaries and wages. And take a look at this, Tennessee has no income tax on salaries and wages. other than Alaska.

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A List of the 10 Worst Property Taxes By States

LyfeAccounting

That’s 3x the amount you’d pay in Tennessee. The post A List of the 10 Worst Property Taxes By States appeared first on Small Business Accounting & Finance Blog. So maybe the higher property tax is due to its very low home values. They say everything is bigger in Texas, and so are its property taxes.

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Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?

LyfeAccounting

If you plan to re-invest most of the profits back into your business, leaving very minimal profit, S-Corp status likely does not make sense. #3: States such as New Hampshire, Tennessee, and Texas ignore S-corporation status and tax them as C-corporations. appeared first on Small Business Accounting & Finance Blog.

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